ORAL AGREEMENT BY DIRECTORS OF A COMPANY TO SHARE PROFITS AND APPOINT A PERSON AS DIRECTOR FOR SERVICE RENDERED BY THE PERSON: IMPLICATIONS OF THE COMPANY’S BREACH OF SUCH AGREEMENT UNDER THE LAWS IN FORCE IN NIGERIA SCRIPT A (managing director) and B were the only registered directors and shareholders of a Nigerian company. The […]
Continue.. Oral agreement of the directors of a company to share the profits with a person: effect of the bankruptcy of the company