Negligence - statutory provisions, Business Law and Ethics

NEGLIGENCE:

It is still uncertain whether damage caused by negligence can be brought under the heading of "fraud" for the purpose of the exception of "fraud on the minority."

In Daniels v Daniels the judge said that a minority shareholder who had no other remedy should be able to sue whenever directors use their powers intentionally or unintentionally, fraudulently or negligently, in a manner which benefits them at the expense of the company.

Posted Date: 1/15/2013 2:57:15 AM | Location : United States







Related Discussions:- Negligence - statutory provisions, Assignment Help, Ask Question on Negligence - statutory provisions, Get Answer, Expert's Help, Negligence - statutory provisions Discussions

Write discussion on Negligence - statutory provisions
Your posts are moderated
Related Questions
Liability of auditors: It would cover any act of negligence - any actionable wrong by an officer of a company which did not involve any misapplication of the assets of the com

CASUAL VACANCIES: By S.159 (6) "The directors may fill any casual vacancy in th office of auditor, so further any there such vacancy maintaining the surviving or continuing au

Disadvantages of Arbitration First is, Arbitral awards have no precedential value as that they cannot be relied on in subsequent proceedings Second is, Arbitrati

Removal of Directors: By s.185(1) a company may by ordinary resolution remove a director before the expiration of his period of office, but notwithstanding anything in the art

Explain the second theory of international antitrust cooperation A second theory of international antitrust cooperation is a more limited multilateral approach under which only

Annual General Meeting:           Section 131(1) provides that "every each company shall in each year hold a simple meeting as its annual frequent meeting in addition to any o

Question 1: As a potential investment company you have been asked to brief your potential business partner about the most important steps required for the setting up of a hosp

Disadvantage of a scheme of arrangement: The disadvantage of a scheme of arrangement is that it requires the preparation of elaborate documents and the observance of a strict

Ddisadvantages - mergers and winding up: The disadvantages of s.280 are that cash may have to be provided to pay off creditors and dissenting members or alternatively the sale

Liability:             The secretary is an officer of the company and thus he owes fiduciary duties to the company which are similar to those of a director, eg. he must act in