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Pacific Plc Ltd has 03 directors (A, B and C). Together they own 85% of the shares in the company. They agree to sell a

Pacific Plc Ltd has 03 directors (A, B and C). Together they own 85% of the shares in the company. They agree to sell a plot of land to Ocean Ltd for $50,000 which is what they honestly believe it to be worth. They do not, however, have the land professionally valued until later when it is shown to be worth nearer $100,000. D and E are two minority shareholders who are considering bringing an action against the directors and the company.

Question: Can D and E succeed n the proceedings against the directors for breaking the directors' duty or an action for negligence?

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