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Business and Corporations Law Question QUESTION NO 3: [5x2 = 10 Marks] Give short answers to the following questions. Every question has 2 marks. i)

Business and Corporations Law Question

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QUESTION NO 3: [5x2 = 10 Marks] Give short answers to the following questions. Every question has 2 marks. i) iii) Give an example of when shareholders won't be able to ratify the director's breach of duty. If the court finds that a shareholder has been oppressed, it can make orders under s. 233 of the Corporations Act. List 2 orders that can be made pursuant to s. 233. How is the issue of insolvency relevant to assessing whether a director has breached their duty owed to the company? Upon what grounds can the court appoint a receiver? What role do creditors have in the voluntary liquidation of a solvent company

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