Part B CCP Practice Questions - Singapore Bar Examinations Part B - Corporate And Commercial Practice Exam

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A director honestly believes a transaction benefits the company but is mistaken. Which statutory duty under section 157 of the Companies Act is MOST directly engaged?

The duty to act honestly and use reasonable diligence in the discharge of office The duty to maintain capital The duty to keep accounting records The duty to file annual returns

Correct Answer:

The duty to act honestly and use reasonable diligence in the discharge of office

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