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    Question

    Lee v. Lee’s Air Farming Ltd. established

    that: 
    A A director cannot be a servant of the company Correct Answer Incorrect Answer
    B A shareholder can also be an employee Correct Answer Incorrect Answer
    C Ultra vires acts are void Correct Answer Incorrect Answer
    D CSR obligations are mandatory Correct Answer Incorrect Answer
    E Shareholders are personally liable Correct Answer Incorrect Answer

    Solution

    Court held Lee could be both controlling shareholder and employee.

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