PART B:

This part contains four (4) short answer questions each worth Five (5) marks.You should attempt ALL questions.

Remember to include any relevant sections of the Corporations Act and common law cases in your answers.

Question:

Explain to your client what s232 of the Corporations Act is? (Approx. 100 words)

Explain to your client why s232 was introduced? (Approx. 100 words)

Explain to your client what is meant by a fiduciary? (Approx. 160 words)

Explain to your client the common law and statutory duties? (Approx. 160 words)