Right of director of company to issue debentures to lenders

Assignment Help Business Law and Ethics

Reference no: EM13824918

Problem:

Gerry, a director of a proprietary company has authorized the issue of $300,000 worth of debentures to 5 different lenders. Is he permitted to do this? Explain.

Summary

This question belongs from Law as well as it discusses regarding the right of director of company to issue debentures to lenders. The rights of director in this regard have been stated.

Total Word Limit: 49 Words

Reference no: EM13824918

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