Explain the main concepts of this questions 16. New Inspiration Mines Inc. was in negotiations with a

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16. New Inspiration Mines Inc. was in negotiations with a prospector over a possible gold claim. This claim was low on New Inspiration's priority list, and negotiations were stalled. Michel Lebois, a director of New Inspiration, approached the owner of the claim and bought it for his own company, Successful Mines Ltd. The claim turned out to be a good one, and Suu- cessful made a profit of $5 million. a) Did Lebois have any duty to New Inspiration Mines Inc.? If so, what is the technical name for this duty? b) What could New Inspiration do about this situation

Posted Date: Jun 23, 2024 09:05 AM

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Explain the main concepts of this questions 16. New Inspiration Mines Inc. was in negotiations with a

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