Please answer question 3. Please refer to question 1& 2 in order to answer question 3. Please use IRAC method and refer to Australian Corporate/company law. Thank you

QUESTION ONE You are an accountant working for Flinders Partners, and one of your clients is Empire Hotels Pty Ltd (Empire), which owns several luxury hotels servicing Melbourne's elite. Empire was incorporated in 2012, and does not have a writtern constitution The directors and shareholders of Empire are Charles, Nathaniel, Blair, and Serena. Charles and Blair are joint executive directors, running the day-to-day business of the company. Serena is the Chairman, and is a high profile property lawyer Nathaniel takes no active role in the business, and rarely attends directors meetings because he finds them boring - he only wanted to be appointed a director so that he would get VIP access to Empire's exclusive events. In 2016 a number of events occurred: At a board meeting in January 2016, Serena was given the task of investigating the purchase of a property for a new hotel site. In April 2016, Serena negotiated for Empire to purchase property from Brooklyn Holdings Pty Ltd (Brooklyn) for $2.7 million. The other directors are not aware that Serena's father-in-law, Rufus, owns 80% of the shares in Brooklyn. Rufus is very old, and Serena is set to gain a large inheritance when he dies. At a board meeting later that month, the directors were provided with a 50- page report from Serena. The report contained advice that this was the only site suitable for hotel development within 5 kilometres of the Melbourne CBD, and an independent valuation of the property showed the site to be worth $2.2 million. Nathaniel did not attend the meeting, and Charles and Blair did not have time to properly read the report as they were busy with hotel operations, and they . were trusted Serena's expertise. Following the meeting, Serena and Blair execute the sale contracts. Nathaniel is unhappy with this purchase, and doesn't understand how the contract could have been signed without him signing anything. REQUIRED: a) Advise all of the directors of Empire as to whether any of them have breached their duties as a director. Consider both general law and statutory duties in your (15 marks) b) Advise the directors on the consequences of breaching their duties as a direckos answer, and also whether there are any defences available. (8 marks) c) Advise Nathaniel on whether the contract has been properly executed. (2 marks)