Explain how the liability of a shareholder is limited

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1. Stinguish between an agent's actual, implied and apparent authority. Explain why this distinction can be important from the agent's point of view.

2. Why must a person understand the law of agency to understand the law of partnership?

3. Explain how the liability of a shareholder is limited.

4. Set out the nature of the duties owed by a director of a corporation. To whom are these duties owed? Who else in the corporate organization owns similar duties?

Reference no: EM133362815

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