Beer Ltd. is a public company formed to manufacture beer. Sprite, one of the directors of Beer Ltd., is approached by Coke, who wishes to buy a substantial number of shares in the company. Sprite approaches Frutee, a shareholder in Beer Ltd., and without telling him of Coke 's interest in buying shares, offers to buy Frutee's shares at par. Frutee sells to Sprite, who in turn sells the shares to Coke at an enormous profit.Jucy, another director of Beer Ltd. unbeknown to the board of directors enters into a contract with Breweries Ltd., to purchase twelve tons of fishing bait at a price well -above market value. Lemon, the third director, agrees with Beer Ltd. to purchase a run -down brewery for Beer Ltd., although there has been no resolution of the board of directors of Beer Ltd,to make this purchase.Advise Beer Ltd. In the question listed above please define the elements present in the case, for your analysis of the question please elaborate.