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:

Social Dominance Theory

A social psychological theory suggesting that societies maintain hierarchical group relationships, with dominant groups exploiting or oppressing subordinate ones.

Great Violence

Intense or extreme physical force used to harm others or cause destruction, often associated with aggression or conflict.

Outgroup Homogeneity Bias

Outgroup Homogeneity Bias is the tendency to view individuals from outside one’s own group as more similar to each other than those within the group, leading to stereotypical thinking.

Group Attribution Error

The tendency to make broad stereotypical judgments about a group based on the actions of a few individuals within that group.