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Ali was recently invited to become a director of Buckley Industries, Inc. If Ali accepts and becomes a director,

? he along with the other directors will not be personally liable for

A.Lack of reasonable care.

B.Honest errors of judgment.

C.Declaration of a dividend that the directors know will impair legal capital.

D.Diversion of corporate opportunities to themselves.

Accounting Auditing Banking
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Question added by Deleted user
Date Posted: 2015/02/25
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khaled salem
by khaled salem , Visiting Lecturer , Dar Al-hekma University

SALMUALIKUM

THE RIGHT answer is B.

 

khaled salem

adeel shahzad
by adeel shahzad , Accountant , Afia Insurance LLC. Dubai

I think the correct answer is A.

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