Required:

1. Under common law, is a promoter of a company liable for pre-registration contracts entered on behalf of a company?
2. Under s131 of the Corporations Act, is a promoter of a company liable for pre-registration contracts entered on behalf of a company? Explain.
3. Outline the director's and officer's duties under s 180 (1) of the Corporations Act.
4. 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.