Question
1.An aggrieved member has the following remedies available to him or her, depending on the wrong sufffered: A.only statutory remedies for oppression. B.member cannot sue
1.An aggrieved member has the following remedies available to him or her, depending on the wrong sufffered:
A.only statutory remedies for oppression.
B.member cannot sue on behalf of the company.
C.remedies from the Corporations Act, the general law and the statutory contract.
D.only remedies laid out in the Corporations Act.
2.The test to determine whether a director has breached their duty to act in good faith in the best interests of the company is: ( select all that apply)
A.director only needs to consider present members.
B.made of two parts: an objective part and a subjective part.
C.whether an intelligent and honest [person] in the position of a director of the company concerned, could, in the whole of the existing circumstances, have reasonably believed that the transactions were for the benefit of the company.
D.a purely objective test.
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