Explain a directors liability for improperly declared dividends, failure to collect deductions from employees, and the consequences

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Explain a director’s liability for improperly declared dividends, failure to collect deductions from employees, and the consequences of such a failure. How does “due diligence” affect those obligations?

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Legal Fundamentals for Canadian Business

ISBN: 978-0133370287

4th edition

Authors: Richard A. Yates

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Question Posted: Feb 20, 2019 07:48 AM

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Explain a directors liability for improperly declared dividends, failure to collect deductions from employees, and the consequences

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The director is personally liable for paying out dividends when the company ...View the full answer

Legal Fundamentals for Canadian Business

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