Two shareholders of a company brought an action against the directors of the company charging them...
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Two shareholders of a company brought an action against the directors of the company charging them guilty of fraudulent acts resulting in loss to the company. They prayed the court to ask the directors to pay damages to the company for the loss caused to it on account of their acts. The company by majority had already decided and resolved not to take action against them. "Decide the case". (5 marks) Two shareholders of a company brought an action against the directors of the company charging them guilty of fraudulent acts resulting in loss to the company. They prayed the court to ask the directors to pay damages to the company for the loss caused to it on account of their acts. The company by majority had already decided and resolved not to take action against them. "Decide the case". (5 marks)
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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