Directors Fiduciary Duties

Question 1

City Equitable Fire Insurance

Answer 1

No greater skill expected that person of same skill and experience

Question 2

Mont Clare Hotel

Answer 2

Not liable for errors in judgement

Question 3

Perry’s Case

Answer 3

Not required to give continuous attention to the co.

Question 4

Tralee Beef and Lamb

Answer 4

Duty to keep informed

Question 5

Mitek Holdings

Answer 5

Circumstantial - nature of duty

Question 6

Davey -v- Casey

Answer 6

Must delegate - no conflict of interest

Question 7

Industrial Development -v- Cooley

Answer 7

Cannot direct business to himself

Question 8

Pervical -v- Wright

Answer 8

Duty to SH - Sale of shares at higher price - no duty to disclose info

Question 9

Allen -v- Hyatt

Answer 9

Duty to SH -If places oneself of equitable footing, duty to disclose

Question 10

Coleman -v- Meyers

Answer 10

Duty to SH - Relation sufficiently intense

Question 11

Biala Properties -v- Malina

Answer 11

Duty to SH - Mutual trust, confidence and integrity

Question 12

Dawson International

Answer 12

Duty to SH - But one Master

Question 13

Crindle -v- Wymmes

Answer 13

Duty to SH - No duty by virtue of office

Question 14

Bunnington -v- Galvanics

Answer 14

Duty to SH - Duty where relationship is impersonal but close - bro in law

Question 15

Jones -v- Gunne

Answer 15

Duty to Creditors - Architects Firm - directors of an insolvent company owe a duty to creditors

Question 16

Winkworth -v- Edward Barron

Answer 16

Duty to Creditors - Equitable relationship, duty to keep co. solvent

Question 17

Re Frederick Inns

Answer 17

Duty to Creditors - revenue overpayment in disregard of interests of creditors

Question 18

Re West Mercia Safety Water

Answer 18

Duty to Creditors - once insolvent, interest of creditors take priority