Under CBCA, directors who knowingly approve unlawful dividends are:

Under CBCA, directors who knowingly approve unlawful dividends are:

Under CBCA, directors who knowingly approve unlawful dividends are:

A. Liable to the company for the amount of the unlawful dividend

B. Protected by the business judgment rule

C. Not liable if shareholders approve

D. Liable to criminal penalties

Answer: A

Explanation: Directors are civilly liable for unlawful dividends; criminal liability applies only in cases of fraud/willful misconduct.