Business and corporations law in Australia

Moving to another question will save this response. estion 8 1 points SAVE ANSW A board has the power to issue shares, but sometimes that act can be a breach of directors' duties. In Howard Smith v Ampol Petroleum Ltd [1974] AC 821 the court invalidated an issue of shares because O a. it amounted to a breach of the duty of care O b. it breached the proper purpose rule O c. it amounted to the taking of a corporate opportunity O d. it amounted to negligence on the part of the directors O e. the directors were no exercising unfettered discretion. Moving to another question will save this response. Question 8 of 75 X N P W TO 6/