Question: | Question 2 (10 marks) With reference to at least one case, explain the fiduciary duty of promoters and in what circumstances promoters will be

| Question 2 (10 marks) With reference to at least one case, explain the fiduciary duty of promoters and in what circumstances promoters will be liable for pre-registration contracts entered into on behalf of a company

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With reference to at least one case, explain the fiduciary duty of promoters and in what circumstances promoters will be liable for pre-registration contracts entered into on behalf of a company.

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