Question
Maribelle and Deigo are the only directors of PlantMart Pty Ltd (PlantMart).PlantMart is in the business of selling horticultural products. Zahara sells plants wholesale.She has
Maribelle and Deigo are the only directors of PlantMart Pty Ltd ("PlantMart").PlantMart is in the business of selling horticultural products. Zahara sells plants wholesale.She has a lot of small shrubs she needs to sell quickly.She approaches Maribelle and asks her if PlantMart would be interested in buying the shrubs at half price.Maribelle thinks this is a great deal and buys the plants herself and sells them and makes a large profit for herself. Which of the following is true:
a. The facts indicate a possible breach of section 181 by Maribelle, but not Deigo, for failing to act in the best interests of the company by personally profiting off the shrub transaction.
b. The facts indicate a possible breach of section 181 by both Maribelle and Deigo for failing to act in the best interests of the company
c. The facts indicate a possible breach of the duty of care and diligence by both Maribelle and Deigo for failing check the company's finnacial position before buying the plants.
d. The facts indicate a possible breach of section 181 by Deigo for failing to act in the best interests of the company
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