Question: i need a help please. preliminary investigations, Peter discovered that it would cost over $1 million to install additional fire exits and upgrade the sprinkler
i need a help please.

preliminary investigations, Peter discovered that it would cost over $1 million to install additional fire exits and upgrade the sprinkler system. Knowing that the company was doomed, Peter transferred its last $50,000 in the company's bank account to Dud Bank because he felt sorry for Dud Bank and thought it deserved something back. He also transferred a BMW motor vehicle which was owned by Snowgoose into his name on the basis that he thought the company owed him something for all his hard work in connection with leasing the two new shopping centers. On April 20, 2020, the directors had no alternative but to place Snowgoose into voluntary administration and it was subsequently placed into liquidation. The liquidator now desires to commence an action against the directors: 1. alleging the directors for breaches of their duty of care, skill and diligence. Discuss (2 marks) 2. alleging the directors for insolvent trading. Advise (2 marks) 3. the liquidator also desires to recover the BMW motor vehicle and the $50,000 under Part 5.7B Div 2 of the Corporations Act. Advise (2 marks) 4. Will Dud Bank be able to appoint a receiver to recover the $2 million owing by Snowgoose? 5. What are Snowgoose's options given it is now under voluntary administration? (2 marks) Discuss (2 marks)
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