Advise david of any potential breach of directors

Assignment Help Humanities
Reference no: EM13209713

The main business of Property Investment Pty Ltd is acquisition, development and selling of properties. There are three directors. At a meeting of the board of directors on 1 June 2012, a proposal was presented by David, a director of Property Investment Pty Ltd, for the purchase of a site adjoining a rubbish dump for $3 million from a vendor namely Seaview Pty Ltd. Seaview Pty Ltd acquired the site for $2 million on 1 June 2010. David is the sole shareholder and his wife and son are directors of Seaview Pty Ltd. David did not disclose his personal interests in the site and the proposal was finally approved at a meeting of the board of directors of Property Investment Pty Ltd on 10 July 2012

Advise David of any potential breach of directors' duties to Property Investment Pty Ltd. Support your answer by reference to the relevant case law and Corporations Act 2001(Cth).

Reference no: EM13209713

Questions Cloud

Explain the general trend in electron affinities : According to the general trend in electron affinities, which group (or family) of elements tend to form the most stable anions
Explain the energy required to excite an electron : what can we conclude about the energy required to excite an electron from n=5 to n=6 versus the energy required to excite an electron from n=4 to 5.
How does the planned value relates to a task or project : How does the planned value relates to a task or project? Why is it so significant to know the planned value of a project? What role does it play in finding the schedule variance?
What would be max interest rate that would allow to spend : a. If the interest rate is 35%, what is the maximum you can spend in the current period b. Id the interest rater was lower, you probably would be able to spend more than that. What would be the max interest rate that would allow you to spend $225 ..
Advise david of any potential breach of directors : Advise David of any potential breach of directors' duties to Property Investment Pty Ltd. Support your answer by reference to the relevant case law and Corporations Act 2001(Cth).
Doctrine of separate legal entity : Although the doctrine of separate legal entity was affirmed in the leading case of Salomon v Salomon & Co Ltd [1897] AC 22, the court would lift the corporate veil in order to prevent a substantial injustice in some circumstances.
Explain what will be the pressure in the bulbs : When the valve between the 2.00 L bulb, in which the gas pressure is 3.00 atm, and the 3.00 L bulb, in which the gas pressure is 2.50 atm, is opened, what will be the final pressure in the two bulbs?
Yellow journalism-american foreign policy : After reading about yellow journalism, explain how the media may or may not influence American foreign policy? Basically, what affect can the media have on the government’s decisions?
Calculate the amortization schedule : An engineer wanted to celebrate graduating and getting a job by buying $2,400 of new furniture. Luckily the store was offering six-month financing at the low interest rate of 6% per year compounded monthly. Calculate the amortization schedule.

Reviews

Write a Review

 

Humanities Questions & Answers

  What value does emotional intelligence have in workplace

What value does "Emotional Intelligence" (EQ) have in the workplace? How does EQ connect to Interdisciplinary Studies and what is one interesting thing you learned from "Mastering New Forms of Intelligence?"

  Mental illness aspect of human services

Write a 1,200 word paper in which you identify three barriers to services, planning, funding, or empowerment in the mental Illness aspect of Human Services.

  Contemporary artists or art forms

Do you believe we are currently living in a "period of great art"? Why or why not? Please share the names of the contemporary artists or art forms that inform your response.

  Irish republican army influenced terrorism

Compare and contrast the differences in left-wing, guerilla ideological terrorism and the recent trend toward right-wing, religiously motivated terrorism.

  Evaluation structure logical and achievable.

Health care organisational processes management, service administration, service provision and delivery

  What does the artist represent in the piece

What does the artist represent in the piece? What story is he/she trying to tell? If the piece is a painting, which genre does it come from

  What are recent trends in the juvenile crime rate

What are recent trends in the juvenile crime rate? How is this reflected in juvenile justice policy? Explain your answer.Please remember that your response must be 350-700 words and use at least one academic reference citation in your response in ..

  What are various types of nonlethal weapons used

What are various types of nonlethal weapons used for personal protection? Why would one choose a nonlethal weapon as a means for protection?

  Lonne, parton, thomson

Lonne, Parton, Thomson & Harries (2009), suggest that systems are failing children and young people even though such systems consider that protection of and enhancing children and young people's wellbeing is their intent.

  Determine if people on earth are religious

Discuss the criteria you will employ to determine if people on earth are religious - in other words, what does religion look like and Describe three examples of behaviors or beliefs you observe that meet the criteria you established above.

  Difference between sane and insane automatism

What is the difference between sane and insane automatism and discuss in reference toFalconer's case.Also, what was the outcome of the appeal and doyou agree with the court's decision?

  Prepare a survey based on the identified characteristics

Briefly summarize the main characteristics of a well-rounded person, "l'u omo universal," referring to specific sections within the excerpt from The Courtier which identifies these characteristics.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd