Question Details

(solution) Hi mate I need your help and i want to submit 1500 words of assignment and i attach file below....


Hi mate I need your help and i want to submit 1500 words of assignment and i attach file below.Thanks Document Preview: David, Evan and Frank are directors of WaterSuperFun Pty Ltd (WSF). WSF specialises in opening and operating water theme parks around Australia. David and Evan each own 40% of the company and Frank owns 20%. One of Evan’s favourite things to do outside of his job is to watch stars at night through his telescope. In recent months Evan has been taking this ‘star-gazing’ seriously and has increasingly been discussing it with his fellow directors. At a board meeting Evan proposed that 25% of their network of 17 theme parks be closed. Profits have been strong from all theme parks and this proposal seems odd to Frank. Frank asks David what he thinks and David says he completely supports Evan. Frank asks to see the company accounts but is refused. He then wants to sell his shares to David or Evan and is again refused. At the next two board meetings and at the shareholder meetings Frank is not allowed to speak. Evan and David then pass a special resolution removing Frank from the register of Shareholders and compulsorily acquiring his shares at a fraction of what they are worth. Frank later discovers that Evan was basing his business decisions on his star gazing and on what he thought the stars were telling him. Frank also discovered that David was being paid a secret allowance from Evan to support all of the proposals put forward by Evan. Advise the directors of WaterSuperFun Pty. Ltd. whether they have breached their directors duties under both the Corporations Act 2001 and general law?

 


Solution details:

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Sep 13, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now