Relief from liability - company management, Business Law and Ethics

Relief from Liability:

Under s.402(1) the court has power in an action against an officer for breach of duty to grant relief where, although the officer is in breach, it appears that he has acted honestly and reasonably and, counting regard to all the circumstances of the case, counting those connected with his appointment, so he ought fairly to be excused for the negligence, default, breach of duty or breach of trust.

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