QUESTION 2 [20 marks - ten parts worth 2 marks each] Choose either True (T) or False (F) for each of the following questions - put your answers in the answer space below: I Directors of a company can be removed by an ordinary resolution. The transfer of assets by an insolvent company will not amount to a breach of duty by its directors unless the company is actually in liquidation. There are no age limits on directors. IV. Shareholders can pe given notice of an extraordinary general meeting at any time prior to the meeting. V. as the 'board! A company's directors are collectively known VI. In Scottish Co-operative Wholesale Soc Ltd v Meyer, the Court found that the majority shareholders acted oppressively in relation to the minority. VI. ASIC can disqualify a person from managing a corporation for up to 15 years without a court order. VIII. of 'insider trading' 'Insolvent trading' under s. 588G is one type IX. the Corporations Act. A 'Receiver' is an 'officer' as defined in X. Public companies must have a constitution.