When a director acts dishonestly to the interest of the company, he will be held liable for
Question and options
When a director acts dishonestly to the interest of the company, he will be held liable for
- Negligence
- Breach of fiduciary duty
- Mala fide acts
- Ultra vires acts
Answer and explanation
Correct answer: B - Breach of fiduciary duty
Directors stand in a fiduciary position towards the company. Acting dishonestly against its interest is a breach of fiduciary duty.
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