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Recently, Raymond and Tanya who are directors of Catalyst Company Limited authorized the sale of a piece of land owned by Catalyst Company Limited to
Recently, Raymond and Tanya who are directors of Catalyst Company Limited authorized the sale of a piece of land owned by Catalyst Company Limited to Ann for less than the purchase price.Zophelia, a minority shareholder has learnt of this development and is contemplating taking legal action against the directors.However, the three directors are arguing that there is no cause of action, since there was no allegation of fraud.
Advise Zophelia on what possible action she may take on behalf of the company.
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