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a. Detail the conditions that must be satisfied for a small scale offering to be exempt from the disclosure requirements. (5 marks) b) Discuss who

a. Detail the conditions that must be satisfied for a small scale offering to be exempt from the disclosure requirements. (5 marks) b) Discuss who is bound by the Constitution and replaceable rules. With respect to the different parties briefly outline the rights that may be enforced under the Constitution and replaceable rules (5 marks) c) Discuss the legal principle to emerge from the case of Salomon v A Salomon & Co Ltd [1897] AC 22? marks) d) List the benefits of voluntary administration as a process that gives business an opportunity to recove 12

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