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" ... (3) Ordinary care, in this matter as In other departments of the law, means that degree of care which ordinarily prudent and diligent men would exercise under similar circumstances. (4) The degree of care required further depends upon the subject... "
Reports of Cases Decided in the Court of Chancery of the State of New Jersey - Página 444
de New Jersey. Court of Chancery - 1902
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Atlantic Reporter, Volumen 50

1902 - 1196 páginas
...banking business was in the hands of the cashier or other executive officer. 'Where there is a duty of finding out and knowing, negligent ignorance has...Invite confidence that they possess at least ordinary knowlledge and skill, and that they will do all that men of reasonable prudence and caution ought to...
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The American State Reports: Containing the Cases of General Value and ...

Abraham Clark Freeman - 1893 - 1052 páginas
...Directors of corporations, or those acting exojficio as such, are bound to exercise that degree of care which ordinarily prudent and diligent men would exercise under similar circumstances in respect to a like gratuitous employment, regard being bad to the usages of business and the circumstances...
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Commentaries on the Law of Private Corporations, Volumen 3

Seymour Dwight Thompson - 1895 - 1202 páginas
...duty oj finding out and knowing, negligent ignorance has the same effect in law as actual knowledge.1 While the directors of a corporation may and must,...prudent and diligent men would exercise under similar circumstances.1 We have seen that directors are bound to exercise ordinary and reasonable care, which...
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The Pacific Reporter, Volumen 57

1899 - 1142 páginas
...banking business was in the hands of the cashier or other executive officer. "Where there is a duty of finding out and knowing, negligent Ignorance has...diligent men would exercise under similar circumstances." Thomp. Corp. Í 4108. And their liability does not depend upon statute. "The liability of directors...
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The Pacific Reporter, Volumen 57

1899 - 1130 páginas
...waste the assets of the corporation, it le conceded that the directors cannot escape liability on tbe ground that they did not know of the wrongdoing, provided...diligent men would exercise under similar circumstances." Thomp. Corp. § 4108. And their liability does not depend upon statute. "The liability of directon...
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The American State Reports: Containing the Cases of General ..., Volumen 75

Abraham Clark Freeman - 1900 - 1040 páginas
...the ground that they did not know of the wrongdoing, provided that it appear that their ignorance 3O1 was the result of a want of that care which ordinarily...diligent men would exercise under similar circumstances": Thompson on Corporations, sec. 4108. And their liability does not depend upon statute. "The liability...
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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - 1912 - 732 páginas
...negligence and inattention to their duties. Directors are bound to exercise the same diligence and care which ordinarily prudent and diligent men would exercise under similar circumstances. 77. REMEDIES AGAINST OFFICERS— Where a loss results to the corporation by the fraud, wrong, or negligence...
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Berks County Law Journal, Volumen 11

Randolph Stauffer, Wellington M. Bertolet - 1919 - 292 páginas
...must be diligent in the exercise of his duties. "While the directors of a corporation may and must commit the details of its business to inferior officers...diligent men would exercise under similar circumstances. The true rule, disregarding casuistic distinctions as to degrees of care and negligence, holds directors...
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Negligence and Compensation Cases Annotated, Volumen 18

1920 - 1296 páginas
...directors. (3) Ordinary care, in this matter as In other departments of the law, means that degree of care which ordinarily prudent and diligent men would exercise under similar circumstances. (4) The degree of care required further depends upon the subject to which it is to be applied, and...
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United States Code Annotated, Volumen 12

United States - 1927 - 612 páginas
...directors. (3) Ordinary care, in this matter as in other departments of the law, means that degree of care which ordinarily prudent and diligent men would exercise under similar circumstances. (4) The degree of care required further depends upon the subject to which it is to be applied, and...
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