Judgement for the case Re Duomatic
Table Of Contents
Director was remunerated by company.
When company went insolvent, liquidator sought to recover payments on grounds they had not been authorised in general meeting (as required by statute).
Held
Payments had been signed off on accounts by 100% of the shareholders
Thus was inference that all shareholders had consented
Does not matter that consent of each individual shareholder was given at different points intime
Any comments or edits about this case? Get in touch
For Further Study on Re Duomatic
Need instant answers? Our AI exam tutor is here to help.
Ask questions š Get answers š It's simple šļøššļø
Our AI is educated by the highest scoring students across all subjects and schools. Join hundreds of your peers today.
Get StartedSimilar Cases
Related Product Samples
These product samples contain the same concepts we cover in this case.
Claim every advantage to get a first in law
805 total pages
1073 purchased
Company law notes fully updated for recent exams in the UK. These notes...
Since 2010, Oxbridge Notes has been a trusted education marketplace, supplying high-quality materials from top achievers at universities like Oxford, Cambridge, LSE, Harvard, and Yale.