What are the duties of Officers and Directors
What are the duties of Officers and Directors?
Expert
Section 122 of the CBCA imposes two main duties on Officers and Directors:
1. Fiduciary duty – This is a duty to “act honesty and in good confidence by means of a view to best security of corporation.”
2. Duty of care – The directors is required to “exercise the care, skill as well as diligence, which reasonably practical person which would employ in similar conditions.”
These duties are also imposed at common law. The fiduciary duty includes a duty to avoid any conflict of interest with the corporation.
Explain how contract may be terminated by Lapse and Revocation?
Write short note on “The Constitution”?
Explain the nature of Intellectual Property?
Illustrate the different rules regarding contracts with minors?
Explain the types of Bailment that depends on Low Duty and High Duty?
What are the different sources of Law?
Illustrate the forms of Expression Protected by Copyright?
Illustrate the types of Tenancies?
Explain misleading advertising and other representations of sellers?
Explain the three broad categories of criminal offences?
18,76,764
1924536 Asked
3,689
Active Tutors
1444777
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!