Question 6 Not yet an swered Marked out of 15.00 \\V Flag question Read the case thoroughly and answer the following Questions. In early 1980s, the general public in Britain, who had invested in \"shares" in the company of merchants of Great Britain trading to the South Seas, realized they had lost their hard-earned money in the first stock market overvaluation and subsequent collapse. At one point during the bubble's growth the amount invested in companies involved in the South Seas reached 500 millions, double the value of all the land in England at the time. Investors did not realize the lack of solid foundation underlying their investment. The Bubble Act, which followed the bursting of the South Sea Bubble, prevented companies from acting as a corporate body and from raising money by selling shares, without the legal authority of an act of parliament or royal chaen a. Comprehend the given case and discuss on who shareholders are and why their rights should be protected? (5 marks) b. The case clearly portrays the need to safeguard the rights of shareholders. Apply the major legal rights of a shareholder to explain the need of such an act? (10 marks)