Goff v. Emde

The sole and only question here is one of fact. Under the record evidence are the defendants — Hopple and Andrews or either of them — guilty of actionable negligence?. The duties of directors of a corporation seem to be well settled in this as well as other jurisdictions. They are bound to care for the corporate property and conduct and manage its affairs in good faith, and for a violation of these duties, resulting in waste or loss of its assets, they are liable and must account the same as other trustees. If they act clearly beyond their power, thus resulting in loss to the corporation,…