This assignment analyzes the potential legal actions Banjo can take against directors Clancy and Jack of Aussie Boats Ltd (AB) for breaching their equitable and statutory duties. It examines relevant sections of the Corporations Act, including 180, 181, 182, 183, and 184, which outline directors' responsibilities regarding care, diligence, good faith, and conflict of interest. The case facts involve AB's financial difficulties, dealings with La La Loopsy Pty Ltd and Millionaires on Water Ltd (MWB), and potential misuse of power by Clancy and Jack to protect their positions amidst an impending takeover by MWB.