Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Terus Maju SdnBhd is carrying on a business of making furniture. The company which is in need of wood supply has instructed Farid, one of

Terus Maju SdnBhd is carrying on a business of making furniture.  The company which is in need of wood supply has instructed Farid, one of the directors, to purchase the raw material of wood from rubber trees. Farid who has a land with old rubber trees sold his own rubber trees to the company without making prior disclosure to the company. Not long after the sale, it was discovered that the sale price of the rubber trees was grossly in excess of the market price.  As a result, the company suffered losses.  In the mean time, the company sent another director Ah Seng, to China to negotiate with Yijing Company a lucrative contract for the supply of furniture.  Ah Seng informed Terus Maju Sdn Bhd that the negotiation had failed.  Yijing Company had awarded the contract to another company in Malaysia where Ah Seng is one of the directors.
 

Advise Terus Maju Sdn Bhd on whether it can sue Farid and Ah Seng.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

I am not a lawyer but I can provide some general information that may help you understand the situation However its important to consult with a legal ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Advanced Accounting In Canada

Authors: Hilton Murray, Herauf Darrell

7th Edition

1259066487, 978-1259066481

More Books

Students also viewed these Finance questions