Question
X is a director and shareholder in ABC Ltd. They wish to purchase an apartment for their personal use from ABC Ltd for 200,000. The
X is a director and shareholder in ABC Ltd. They wish to purchase an apartment for their personal use from ABC Ltd for 200,000. The net asset value of the company is 2,500,000. X seeks your advice as to whether they can enter into the transaction immediately or whether further steps are required. What is the best advice for X?
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Andersons Business Law and the Legal Environment
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
23rd edition
1305575083, 978-1305856516, 1305856511, 978-0357689868, 978-1305575080
