Law · Corporate Law and Insolvency
In corporate insolvency law, consider the following statements regarding directors' liabilities: 1. Beth is liable for fraudulent trading because she accepted payments with intent to defraud creditors. 2. Chris may be liable for wrongful trading if it is proven he should have known there was no reasonable prospect of avoiding insolvent liquidation. 3. Fraudulent trading is a civil offense only under insolvency law. 4. To be convicted of wrongful trading, the prosecution must prove dishonest intent. Which of the above statements are FALSE?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2
- 22 and 3
- 33 and 4✓
- 4All of the above
Correct answer
3 and 4
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