 | Law reports, digests, etc - 1902 - 1196 pages
...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... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1893 - 1052 pages
...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... | |
 | Seymour Dwight Thompson - Corporation law - 1895 - 1202 pages
...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... | |
 | Law reports, digests, etc - 1899 - 1142 pages
...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... | |
 | Law reports, digests, etc - 1899 - 1130 pages
...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... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1900 - 1040 pages
...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... | |
 | Francis Buchanan Tiffany - Banking law - 1912 - 732 pages
...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... | |
 | Randolph Stauffer, Wellington M. Bertolet - Bar associations - 1919 - 292 pages
...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... | |
 | Employers' liability - 1920 - 1296 pages
...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... | |
 | United States - Law - 1927 - 612 pages
...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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... (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... 
