QUESTION 24 Section 191 of the Corporations Act 2001 (Cth) imposes a duty on a director to disclose to the other directors any material personal interest'? What is "material personal interest? a. An interest that relates to the affairs of the company. b. A personal interest that will be substantially affected by a decision of the company. O c. An interest from which the director stands to benefit personally Od. All of the above are correct. QUESTION 25 Which of the following cases is an example of a director not breaching his duty by taking up a corporate opportunity? a. Regal (Hastings) Ltd v Gulliver. b. Markwell Bros Pty Ltd v CPN Diesels (Old) Pty Ltd. c. Peso Silver Mines Ltd v Cropper. d. Canadian Aero Services Ltd v O'Malley. QUESTION 26 Which legal principle was established by the court in Equiticorp Finance Ltd v Bank of New Zealand (1993) a. When a company is insolvent or near insolvent, the interests of the company become aligned with the creditors, rather than the members. b. The interests of employees and other stakeholders should not be given priority over the interests of members, Click Save and Submit to save and submit. Click Save All Answers to save all aus. 5 MacBook