Multiple Choice
The case of Morley v Statewide Tobacco Service Ltd (1992) ACLC 1233 is authority for the principle that:
A) a director will not be liable for a breach of s 588G if they were unable to attend company meetings.
B) a director's liability under s 588G is determined by what they ought to have known about the company's debts.
C) a director's liability under s 588G is determined by their actual knowledge of the company's debts.
D) a director will not be liable for a breach of s 588G if they acted in good faith.
Correct Answer:
Verified
Correct Answer:
Verified
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