BUSAD 120 Lecture Notes - Lecture 26: Qst, Fiduciary, List Of Compositions By Franz Liszt
Document Summary
Fraud (ccq s. 316) (against the corporation): where the persons running the company (directors/officers) are defrauding the company/misappropriating company assets for their personal benefit. Lifting the corporate entity and can hold the directing mind of the company personally liable for frauds committed in the name of the company. Pre-incorporation contract (ccq s. 319, 320) before setting up a company, you can sign a contract, as a mandatary, on behalf of a company not yet incorporated. If you follow the provisions of ccq 319 and 320, you will not be personally liable. You can legally assume that that person has the authority to make and accept contracts like these (only in normal, good faith conditions). Directors, officers and shareholders: rights, obligations and duties. Board of directors (qbca s. 106, cbca s. 102 [2]) [bod]: one or more persons, directors have full power to manage the operations of the company.
