What is meant by "preferential creditors" in a liquidation? Provide examples What is a business judgement rule? Why did the government introduce such a rule in the Corporations Act? Explain and provide an example Explain why a duty to prevent insolvent trading is imposed on directors by statute. Provide an example If a director breaches his/her duty of care, skill and diligence, what are the potential ramifications for the director? a)Why do company members need specific remedies? Explain and provide an example (b) Who is entitled to apply for an oppression remedy? Explain and provide an example c) What is 'oppressive conduct' within the meaning of S 232 of the Corporations Act? Explain and provide an example