Question: Please answer using Australian corporate law QUESTION ONE nswer the all the following short answer questions. Refer to relevant cases and statutory law in your

Please answer using Australian corporate law

QUESTION ONE nswer the all the following short answer questions. Refer to relevant cases and statutory law in your answers where appropriate. REQUIRED: a) Explain the concept of 'perpetual succession', and why this is an advantage of operating a business through a company structure. (2.5 marks) b) What is the difference between 'Receivership' and 'Liquidation'? c) Explain the key differences between debt and equity finance. d) Thomas was convicted of theft and sentenced to 12 months' imprisonment. He is (2.5 marks) (2.5 marks) due to be released on 5 September 2017. Wll Thomas be able to be a director of a company upon his release? (2.5 marks) Total-10 marks

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