Use the Fact Situation in Q2 to Answer the Related

question 17

Multiple Choice

Use the fact situation in Q2 to answer the related question that follows. In order to recover the amount of George's shareholders loan,the trustee in bankruptcy of General Widgets will

• A)sue George for damages for breach of duty of care.
• B)sue George for breach of fiduciary duty.
• C)apply to the court to have the transaction nullified.
• D)apply to the court to enquire whether it is a reviewable transaction.
• E)all of the above

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Definitions:

Granodiorite

A coarse-grained igneous rock similar to granite but containing more plagioclase feldspar than orthoclase feldspar, commonly found in continental crust.

Marine Settings

Environments located in or influenced by the sea, including coastal regions and oceanic basins, characterized by specific ecological and sedimentological conditions.

Copper Deposit

An area of the Earth's crust containing a significant amount of copper, making it economically viable to mine.

Leaching

The process by which soluble substances are washed out from soil or wastes by the action of flowing water.