Q1.

a.) Under common law, is a promoter of a company liable for pre-registration contracts entered on behalf of a company?(50wrods) (2 marks)

b.) Under s131 of the Corporations Act, is a promoter of a company liable for pre-registration contracts entered on behalf of a company? Explain. (100wrods) (5marks)

c.) Outline the director's and officer's duties under s 180 (1) of the Corporations Act. (200wrods) (3 marks)

d.) With reference to the case ASIC v Hellicar [2012] HCA 17, explain why the CEO, CFO and the company secretary of James Hardie breached their duty in relation to s 180 (1) of the Corporations Act. (200wrods) (4 marks)