Question
5.3 Johan, Aubrey and Barbara are the members of ProperT CC. The main business of the close corporation is buying and selling of immovable property.
5.3 Johan, Aubrey and Barbara are the members of ProperT CC. The main business of the close corporation is buying and selling of immovable property. The close corporation wishes to buy a certain property for development and resale. Barbara, being fully aware of the fact that the close corporation wishes to purchase the property, buys it in her personal capacity for R2 million. She then sells it to the close corporation for R3 million. What duty could Barbara have breached under the circumstances and what does this duty entail? (Indicate to whom the duty is owed and the scope of this duty). FOR 5 MARKS AND INCLUE HARVED METHOD OF REFERENCING AT THE END
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