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Need help *corporate law subject* Bakar. Chong and two others were partners in a sugar renery at Southampthon. Chong was the rm's buyer and as

Need help *corporate law subject*

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Bakar. Chong and two others were partners in a sugar renery at Southampthon. Chong was the rm's buyer and as such he was able to buy at a discount on the market price. Having bought the sugar at the discounted price he then sold it to the firm at market price. The other partners only later discovered that he had buying and selling the sugar to them on his own behatf. Based on the facts above: (a) Advise other partners as to their rights against Chong. (12 marks) (b) Explain if your answer would be different if lChong acted on behalf of the rm. {8 marks) Support your answer with relevant statutory provisions of the Partnership Act 1961 and decided oases

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