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1. Read the cases: Macaura v Nothern Assurance Co Ltd ( 1925 ) AC 619; and Lee v Lee's Air Farming Ltd ( 1961 )

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1. Read the cases: Macaura v Nothern Assurance Co Ltd ( 1925 ) AC 619; and Lee v Lee's Air Farming Ltd ( 1961 ) AC 12 2. Discuss fully these cases ( Facts and Issues ) in light of the Companies Act Sections 16 and 17 3. Length - typed 4 pages

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