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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).
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.
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?
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What mass of potassium benzoate is needed to prepare one liter of a 0.135M solution of potassium benzoate?
Suppose that a certain college class contains students. Of these, are seniors, are English majors, and are neither. A student is selected at random from the class.
How many isomers, including stereoisomers, exist for the triacylglercerol which, on saponification, gives 2 molar equivalents of palmitate and 1 molar equivalent of stearate?
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To what extent do you foresee that our own culture might influence your selected dissertation topic outcome "The big crew change"? What are going to do to overcome the difficulties concerning definition and operationalization of culture?
Describe experiences you have had with persuasive writing and explain ways you expect to use persuasive writing in your university career and in your professional and personal life
I was a bit surprised that the Irish Attorney was so critical of the uniform Evidence Act. I had suggested it as an ideal model for the Irish reform. But she said of its lack of safeguards around the use of electronic or digital documents that it was..
Analyze a person (movie character, yourself, celebrity) according to the Big Five Personality Model. Where do they fall on each trait and why?
The War that began in Europe in 1939 was caused by the injustices, misguided ambitions, and unrealistic political and territorial changes imposed by the treaties forced upon Germany, Austria, Hungary, Bulgaria and Turkey following the First World ..
Identify a matrix for hiring appropriately trained personnel and create a company policy to address issues and concerns of privacy in intelligence gathering and surveillance.
Write a 1, 200 word paper in which you discuss the content in each site, the professionals involved, and how the actual online interaction occurs.
Why should a financial engineer be paid four times to 100 times more than a real engineer and drawing on relevant theories and concepts from the second half of the course, and examples from Inside Job, critically discuss (a) moral reasons
What is the origin of this religion? Who originated it, where and when and what are the beliefs (state significant differences and if they have major synods or divisions)?
By creating awareness of oppression and arousing sympathy of supporters, the arts can be a form of protest. Identify and describe an example of how either black slaves or white abolitionists used the arts as a form of protest against slavery.
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