Business Studies

State the following statement is True or False:
The persons who are trustees, agents and managing partners of the company are the directors.


ANSWER

True


SOLUTION
Since the company is an artificial person, Director acts an agent of the company. Director acts as a trustee by safeguarding the financial and other resources of the company. He/She acts as a managing partner by managing the company's affairs under the guidance of the Board of Directors.
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TRUE/FALSE Medium Published on 18th 08, 2020
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