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Explain the circumstances under which directors of a company will be held personally liable to acts committed on behalf of the company.

      

Explain the circumstances under which directors of a company will be held personally liable to acts committed on behalf of the company.

  

Answers


Martin
Has bound himself personally
- Has acted on behalf of an illusory company
-Has signed a negotiable instrument in which the company?s name is not published or is misdescribed.
- Breach of warranty of authority.
- Has acted fraudulently.
- Has engaged the company in an ultra vires transaction
-Has assumed a direct duty of care to 3rd parties.

marto answered the question on February 6, 2019 at 10:32


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