Practice question
Does risking personal funds alone exempt the director from section 33?
- Yes, in every venture
- Yes, if the venture was difficult
- Yes, if the director worked at night
- No, the section expressly applies notwithstanding that fact
- Yes, if the profits are large
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, sections 30 and 33
Answer this question in flashcards to review your response and continue practicing.