A director of a limited company may not be liable for wrongful trading if he or she | Faculties

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Mr. Dubey

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📊 Corporate Governance

Q. A director of a limited company may not be liable for wrongful trading if he or she

(A) took every step to minimise the potential loss to creditors
(B) increased the valuation of its inventories to cover any potential shortfall
(C) introduced into the balance sheet an asset based on a valuation of its brands sufficient to meet any shortfall
(D) brought in some expected sales from next year into the current year

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✅ Correct Answer: (A) took every step to minimise the potential loss to creditors

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