Instance of breach of corporations act

Assignment Help Other Subject
Reference no: EM1325677

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 answer by reference to the relevant case law and Corporations Act 2001(Cth).

Reference no: EM1325677

Questions Cloud

Ceo and responsibility for financials : Corporate culture has to be manifested by top executives in organization if it is to truly pass down to lower level employees. In cases of wide-spread corporate fraud simply establishing proper procedures to follow, no longer gets CEO's off the hoo..
Explain and analyze intel''s hr policies : Explain and Analyze Intel's HR policies and culture and how Intel implements strategies
Describe two companies with a global presence : I want to construct a PowerPoint Presentation identifying, comparing, and contrasting the IT governance structure for two major companies with a global presence.
Describing ethics and politics : Politicians have an ethical responsibility to represent their constituents and the needs of those constituents. Politicians also have an ethical responsibility to uphold the law both in their personal and professional life. Politicians are often h..
Instance of breach of corporations act : Advising David of any potential breach of directors' duties to Property Investment Pty Ltd. Support answer by reference to the relevant case law and Corporations Act 2001(Cth).
Concepts of causal attribution-self-schemata : Using concepts of causal attribution, self-schemata, self-guides and other related cognitive constructs, Why would she have difficulty coping with life?
Explain new e-commerce unit : Explain New E-Commerce Unit and A virtual team now has the task of launching a new e-commerce unit
Assume as a professional economist debate : Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
Secure socket layers and secure electronic transaction : Secure Socket Layers (SSL) and Secure Electronic Transaction - Compare and contrast the similarities and differences

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

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