The following questions should be answered after you have read Chapters '15 and 15. 1. Look at question 5 of Problem Set 6- Assume That the directors of N Investor have breached Their duty to prevent insolvent trading. What consequences can follow? 2. Look at question 3 of Problem Set 1 Assume for The purposes of This question That the board of AMGL issued 500,000 shares in breach of its duty to exercise the share issue power for a proper purpose. What action, if any, can ASIC take against the directors who voted in favour of the share issue? 3. What action, if any, can Mr )(u and XVI Ltd take in relation to the improper share issue? 4. Look at question 5 of Problem Set 1 Assume Patricia malres the investment and it is highly protable. What action, if any, could SAFPL take against Patricia? 5. What action, if any, could Jason take against Patricia? .5. The constitution of SAFPL allows for the directors to pay a dividend to holders of A Class shares at their discretion. Over many years the company had paid a dividend which, although not sizeable, was sufcient for the shareholders who chose to do so to live on it. However, David and his