Tassie Views Co Ltd operated for 12 months with Mungo and Bill both regularly attending board meetings. Cameron attended two over the 12-month period and Edith only 1. Both Cameron and Edith are employed full time for other businesses so give their role as directors of Tassie Views Co Ltd very little priority. Over this 12-month period Tassie Views Co Ltd sourced equipment as appropriate to commence constructing prototype cable cars. Mungo, with the help of a local engineering rm, produced two cable cars. Bill, who is an accountant attended every meeting and was responsible for keeping the accounts for the business. He was aware that Mungo had very little numeric literacy and over the rst 12 months Bill had come to realise that none of the other three directors read the reports he prepared. This annoyed Bill so he decided to 'change some gures' in the accounts. He presented these changed gures at the board meeting in March 2019. Again no one bothered to read the accounts. No auditor was appointed. The shareholders did not question this decision. In April 2019 Bill, who had full access to the bank accounts for the company, began taking money and using it to fund his lifestyle. In May 2020,William, a wealthy cable car enthusiast, approached Mungo. William offered Mungo $200 000 for the two cable cars that Tassie Views Co Ltd had produced. Mungo accepted this offer. He provided $150 000 of it to Bill for banking in the company's account and he kept $50 000 'because it was his hard work that led to the creation of the cable cars.' By the end of July 2020, it became evident that Tassie Views Co Ltd was insolvent. Cameron and Edith called a meeting and the company was placed into liquidation. Mungo Maple seeks your advice as to whether the directors breached their duties as directors of Tassie Views Co Ltd? Consider all of them individually and consider if they have any defences to any action that the liquidator may take against them