5a) "The liquidator's only function is to distribute assets. In the exercise of this function...
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5a) "The liquidator's only function is to distribute assets. In the exercise of this function he must scrupulously observe the pari passu principle so that all the creditors shall be treated equally Critically anal yze the statement. (8 Marks) b) "Directors of companies owe fiduciary duties to the company and the company alone. They no duties, at any time, to the creditors (present or future) or to individual shareholders" Explain whether this statement is accurate or inaccurate. owe (12 Marks)
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