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Home Q & A Board Humanities Legal Studies
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ohiosr ohiosr
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6 years ago
Directors may become personally liable to the corporation for deficiencies if, when they pay out dividends, the corporation cannot meet
a. a shortage of working capital.
b. the test of bankruptcy.
c. a scheduled bond redemption.
d. current corporate indebtedness.
e. the solvency test.
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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AlexStanfordAlexStanford
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ohiosr Author
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#2
6 years ago
Thanks for answering correctly
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