IoD Role Of The Director & Board Practice Questions - IoD Certificate In Company Direction - Award In Role Of The Director And The Board Exam

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A director approves a transaction that is outside the objects clause in the company's articles. Which duty is most directly breached?

The duty to declare interests under section 177 only The duty to act within powers under section 171 The duty regarding third-party benefits under section 176 only The duty of independent judgment under section 173 only

Correct Answer:

The duty to act within powers under section 171

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