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Sir, the Fran and Gram question which I posted on 29th Nov, in that scenario for fraudulent trading , only Gram was liable, Correct? But for wrongful trading BOTH are liable na rather than just Fran?
Sir there are 2 question is BPP kit related to almost same scenario, however the answers of both the questions are different. so thats why I am confused that which answer is right and which is wrong.. one question is 29.2(Del and Rod) and the other is 33.5 (Fran and Gram)
Can you please go through these both questions and then clear my confusion please which is that:
The one who falsified the accounts is liable for both fraudulent trading and wrongful trading, or is he liable only for fraudulent trading?
If a person falsifies accounts, it doesn’t matter which question or which book or which publisher it is that you’re looking at!
If a person falsifies accounting records, that’s fraud
And fraudulent trading, being much more difficult to establish than the lesser offense of wrongful trading, and in this case being so clear cut … it probably wouldn’t even cross the mind of the Court to consider wrongful trading
OK?
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