Which statements are correct? Directors are (i) Trustees of Company (ii) Managers of Company (iii)…
Directors are regarded in company law as trustees of the company (of its assets and powers) and as its agents, but they are neither its managers in the technical sense nor…
Choose your answer
Which statements are correct? Directors are
(i) Trustees of Company
(ii) Managers of Company
(iii) Agents of Company
(iv) Owners of Company
Answer and explanation
Correct answer D
Directors are regarded in company law as trustees of the company (of its assets and powers) and as its agents, but they are neither its managers in the technical sense nor its owners. Hence "(i) and (iii) are correct."
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