Asked by Gabrielle Gwizdala on Jul 28, 2024
Verified
Deb is a director and Erv is an officer of Fast Food Inc. Liability for the firm's intentional disregard of consumer-protection statutes may extend to
A) Deb only.
B) Erv only.
C) Deb and Erv
D) none of the choices.
Consumer-Protection Statutes
Laws designed to safeguard buyers of goods and services, and the public, from unfair practices in the marketplace.
Liability
The legal responsibility for one's actions or omissions, which can result in being obliged to offer compensation for harm caused.
- Gain insight into the legal elements of corporate obligation and liability, encompassing responsibilities for improper acts and economic mismanagement.
Verified Answer
ZK
Zybrea KnightJul 31, 2024
Final Answer :
C
Explanation :
Both directors and officers of a corporation can be held liable for the firm's intentional disregard of consumer-protection statutes if they directed, participated in, or were willfully ignorant of the illegal activities.
Learning Objectives
- Gain insight into the legal elements of corporate obligation and liability, encompassing responsibilities for improper acts and economic mismanagement.