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Tina runs a single director proprietary company called Fashion X Pty Ltd. 1. Discuss the rules that Fashion X must operate under and the powers

Tina runs a single director proprietary company called Fashion X Pty Ltd.

1. Discuss the rules that Fashion X must operate under and the powers of James under the Corporations Act. 2 marks

2. Is it possible for this company to make a contract at common law and under the Corporations Act? 2 marks

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