Gerry a director of a proprietary company has authorized, Business Law and Ethics

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Gerry a director of a proprietary company has authorized

Problem:

Gerry, a director of a proprietary company has authorized the issue of $300,000 worth of debentures to 5 different lenders. Is he permitted to do this? Explain.

Summary

This question belongs from Law as well as it discusses regarding the right of director of company to issue debentures to lenders. The rights of director in this regard have been stated.

Total Word Limit: 49 Words

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Business Law and Ethics: Gerry a director of a proprietary company has authorized

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Business Law and Ethics: Gerry a director of a proprietary company has authorized

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