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rhoose the one alternative that best completes the statement or answers the question. (I) Ifa director learns of a corporate opportunity. resigns from the board

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rhoose the one alternative that best completes the statement or answers the question. (I) Ifa director learns of a corporate opportunity. resigns from the board and then takes the opportunity. the legal position would be that A. the director has done nothing wrong B. the director has no liability because they resigned C. the director will be liable to the company for the prots he made if he did not also get the approval of shareholders D. the director will escape liability E. none of the above is true. (2) If a director has not attended all board meetings the decision in m v ASC (1993) 11 ACSR 162 indicates that that may lead to liability for breach of the duty of care breach of the duty to exercise powers for a proper purpose breach of the duty to exercise an independent discretion breach of the duty to avoid a conict of interest liability for insolvent trading under s 5386 meme? (3) A participating, cumulative share which is preferent as to dividend gives the holder a right to a guaranteed dividend, an ordinary dividend and any arrears dividends a right to a guaranteed dividend and any arrears dividends an ordinary dividend and any arrears dividends all the rights under A plus an additional voting right all the rights under B plus an additional voting right UPON? (4) lfa corporation o'ers securities to the public before a disclosure document is lodged there will be a breach of s ?2?(1) there will not be a breach ofs ?'2?(1) there \"all be a breach of s 588G there will be a breach of s 112 all of the above are true HUGH? (5) Liability for misleading or deceptive information under s ?28(1) can arise if wane? wane? (5) Liability for misleading or deceptive information under s 728(1) can arise if the original information in a disclosure document was erroneous information in a disclosure document becomes erroneous the 'sophisticated investor\" exception applies either A or B are true either A or C are true (6) If a person can show that they reasonably relied on information provided by someone else, the}r \"ill have a defence to liability under s 728 and 729 of the Corporations Act 200} (9th) on the ground of the sophisticated investor rule in s T0803) hawking under s \":36 a small scale o'ering under s 708(1) (7) reliance under s 733 comprehensive coverage in the prospectus under s 700 (7) Ifa corporation is subject to external control, this could take the form of liquidation, t'olimtary adminisualion or receivership voluntary administration, a small scale offering under s 708(1) (7) reliance under s 733 comprehensive coverage in the prospectus under s 700 muons (8) If a liquidator wishes to continue a contract on behalf of the company being liquidated, the Corporations Act 2001 (52th) says that she may always do that cannot do that, as it would be a voidable transaction under s SSSFF must register the contract as a claim under s 556 may do so, subject to the requirements of s 477(23) if the contract is for longer than 3 months cannot do that as it would amount to an unfair preference under s 588E_A(1) moon? (9) Ifa corporation is placed under voluntary administration, the creditors must decide whether to allow the corporation to carry on trading come under long-term administration be liquidated adopt either A, B or C do nothing. (10) For liability for 'tipping' to arise under 5 1043mm of the Corporations Act 2001 (52th) PLUGS\"? A. information must have come from a company director B. the person who received the information must have used the information C. the information must be readily available D. A, B and C are all true E. A, B and C are all untrue

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