Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Boros is a director of a property development company, Harta Ria Sdn Bhd. He was given the task of negotiating the purchase of a piece

Boros is a director of a property development company, Harta Ria Sdn Bhd. He was given the task of negotiating the purchase of a piece of land in Samarahan with the owners, Tanah Berhad. In the process of negotiation, Boros was offered a commission amounting to 20% of the purchase price. Boros accepted the commission and the sale was completed but at a price which was over the market value to enable Tanah Berhad to absorb the commission paid to Boros.

In the course of his duties, Boros had also received an information regarding another land deal. Pursuant to the information, Boros and his friend Tamak, incorporated a company named Muslihat Sdn Bhd ("MSB"). MSB purchased the said land and developed it, resulting in a huge profit.

On another occasion, Boros acted on behalf of Harta Ria Sdn Bhd to enter into an agreement for the purchase of land in Mukah for RM2 million. The land was owned by Boros's wife, Puan Kepoh, but this fact was not disclosed to the company.

Harta Ria Sdn Bhd seeks for your advice on the legal position with regard to the above matters and what are the rights and remedies, if any, that the company has against Boros

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Law questions