Which of the following correctly describes the circumstances in which directors may be held liable to contribute to the assets of insolvent companies in respect of "wrongful trading"?
A . Where the directors have the intention of defrauding creditors.
B . Where directors knew or ought to have known that insolvency was inevitable.
C . Whenever a company becomes insolvent.
D . Whenever a company’s liabilities exceed its assets.
Answer: B