Under the Federal Corporations Act 2001 a Mortgagee That Exercises

Multiple Choice

Under the federal Corporations Act 2001 a mortgagee that exercises its right to sell a corporation property has a statutory duty to:

A) act in good faith and to consider the interests of the mortgagor and any guarantor.
B) take reasonable care to ensure the property is sold for not less than market value or the best price that may be reasonably obtained.
C) take reasonable care to ensure the property is sold at market value.
D) satisfy all of the above requirements.