Question
Tuafeni wants to purchase 100% of the member's interest in Stein Street Thirty Close Corporation. The corporation is the owner of a house in Windhoek.
Tuafeni wants to purchase 100% of the member's interest in Stein Street Thirty Close Corporation. The corporation is the owner of a house in Windhoek. The bank is prepared to lend the purchase price for the member's interest to Tuafeni, provided that he can provide security for the repayment of the loan. Tuafeni does not own any property.
Can you propose a solution to the problem?
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Legal Research Analysis and Writing
Authors: William H. Putman, Jennifer Albright
3rd edition
9781285415086, 1133591906, 1285415086, 978-1133591900
