Tina runs a single director proprietary company called Fashion X Pty Ltd. Select any 5 of the following 6 questions:

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

3. Tina is considering bringing her sister into the company as a shareholder. Explain what difference that will make to the company. 2 marks

4. Tina wants to raise more capital to increase the size of the company and expand its business. What options does Tina have in seeking to raise more funds? 2 marks

5. Explain the implications of Fashion X becoming a public company. 2 marks

6. Does the concept of a company being described as an 'artificial legal person' apply to this scenario? Provide an example of a case where this concept has this concept has been applied? 2 marks