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5 Pages Essays / Projects Year: Pre-2021

1. Ralph BTX 2000 Australian Company Law Issue: Does the managing director and chief executive officer Ralph breach the duty to exercise powers for proper purposes? R/A: a. Fiduciary duty: directors must exercise their power for proper purpose. b. Objective test: When it is alleged that directors have exercised their powers for improper purpose, Howard Smith Ltd v Ampol Petroleum Ltd: the following two factors need to be consider:


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