Describe two legal duties

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1. In Canada, directors owe two legal duties under corporate legislation. Describe these two legal duties and to whom they are owed.

2. There are two different types of contracts which a director nominee may wish to ask questions about as they may offer protection to a director. Briefly describe them (hint: both begin with the letter "i").

3. Do the duties owed by directors or the potential liability they face impact your interest in directorships? Explain your point of view.

Provide a reference for the source of your information for questions 1 and 2.

Reference no: EM133100317

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