Which one of the following options is INCORRECT?

a.

When a party seeks a remedy in relation to oppressive conduct, the court will use objective tests to determine if there has been oppression

b.

"Affairs of the Company" are defined under Section 53 and would not include a company's trading activities

c.

Oppressive conduct includes the diversion of a corporate opportunity

d.

"Affairs of the Company" are defined under Section 53 and include a company's trading activities

If a company is solvent, the directors must act in the best interests of which party? Choose ONE option only.

a.

The company's members

b.Past members.

c.

The company's creditors

d.

The company's members and creditors at the same time

In determining whether a director has breached their duty to exercise their powers for a proper purpose, which ONE of the following options will not be relevant?

a.

Whether the exercise of the power involved a conflict of interest

b.

The proper purposes for which the power was exercise

c.

The real purpose on the facts for which the power was exercised

d.

The improper purposes for which of the power was exercised