Multiple Choice
The decision in ASIC v Gallagher (1993) 11 ACLC 286 was that non-executive directors of a company:
A) may rely on other directors providing them with important information.
B) have a duty to inform themselves so that they can make independent judgments.
C) must investigate all matters requiring their approval when they have been put upon enquiry.
D) all of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Which of the following is NOT one
Q21: A company cannot be established with only
Q22: A company limited by shares may be
Q23: The case of Morley v Statewide Tobacco
Q24: Which of the following statements is true?<br>A)A
Q26: Explain what 'share capital' is.
Q27: Committee members of an unincorporated association owe
Q28: 'Allotment' involves the business practice of:<br>A)transferring shares
Q29: In what circumstances will a court ignore
Q30: In which of the following situations will