This caused goodly to borrow to meet its obligations result

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Reference no: EM1389136

Q. In the video game corporate cowboy your task is to investigate complaints of wrong doings on the part of corporate directors also officers decide whether there is a violation of the law also deal with the wrong doings As Perly Jane a shareholder of goodly corporation alleges that its directors decided to invest heavily in the industries growth in negligent reliance on its officers faulty financial reports. This caused goodly to borrow to meet its obligations resulting in a drop in it stock price are the directors liable? Explain why or explain why not?

Reference no: EM1389136

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