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Company law case
Plus Stationery Ltd. has 10 members, 6 members lost their life in a car accident on 1st Jan 2016. company fails to appoint any member. subsequently, it enters into an agreement with its supplier on 25th Feb 2016 and 25 Aug 2016, in which there was breach in both the agreement. Determine who would be liable for damages of both the agreements.
Replies (3)
existing directors will be liable for such damage
okay. thank you
The Director who are placed on Board at the date of such agreement ( which is 25th February and 25th August of 2016), will be liable for the above mentioned agreements.
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