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Question 2 {11.} marks} Scenario: K'r'l Pty Ltd is 5035 owned by 315 LTD. ln 2309, BIG Ltd was approached by BLACK Ltd, the other
Question 2 {11\".} marks} Scenario: K'r'l Pty Ltd is 5035 owned by 315 LTD. ln 2309, BIG Ltd was approached by BLACK Ltd, the other shareholder in m, to make a further major investment in m, to enable it to develop a new and highly prospective technology based on Bitcoin mining. The men directors of BIG Ltd delegated to others, including a computer expert, the task of obtaining the technical information about the prospects of the technology. The report prepared for me directors indicate that the proposed investment should be very successful. Queried by his fellow directors about the optimistic forecasts, Mr Jobbs [who has an information technology qualification} assures them that all appears to be in order. However, some of the information has been negligently prepared. This means that, when the directors rely on the report and invest BIG Ltdls funds in the technology, the investment will not be as successful as the report indicates. Higher marks will be awarded to candidates which include statutory provisions and case lawr examples to support their
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