Hoytie Pie Pty Ltd Has 100 Issued Shares

Hoytie Pie Pty Ltd has 100 issued shares. 99 of those shares are owned by David. The remaining share is held by Paul in trust and David is the sole beneficiary of that trust. David is the only director of Hoytie Pie Pty Ltd. When Hoytie Pie Pty Ltd was registered, it adopted a comprehensive constitution which modified all the replaceable rules applicable to Hoytie Pie Pty Ltd.

A) David cannot be an employee of Hoytie Pie Pty Ltd because he is the sole director and has control of all the shares in the company.
B) David has a beneficial interest in the share held by Paul.
C) The constitution has the effect as contract between David in his capacity as director and Paul in his capacity as a member pursuant to section 140(1) of the Corporations Act (Cth) 2001.
D) Hoytie Pie Pty Ltd can only enter into a contract if the contract is signed by David as the sole director.
E) Both (c) and (d) are correct.