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1. Arthur and Tony are the sole shareholders of Limpopo Ltd. They both have 50% of the shares. b) Tony wants his daughter, Chloe,
1. Arthur and Tony are the sole shareholders of Limpopo Ltd. They both have 50% of the shares. b) Tony wants his daughter, Chloe, to join the business, and suggests that he and Arthur each sell Chloe some of their shares. Advise Arthur as to whether there would be a disadvantage to him selling Chloe some of his shares. The Articles of Association of Limpopo Ltd. say that Tony is to be a director of the company for life. Explain whether the provision will be enforceable.
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