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Yo, Managing Director of COO Pty Ltd, is negotiating on behalf of COO regarding the possible sale of the business to Overtakers Ltd. Without the
Yo, Managing Director of COO Pty Ltd, is negotiating on behalf of COO regarding the possible sale of the business to Overtakers Ltd. Without the knowledge of the rest of the company, a contract was signed between COO and Overtakers which stated that Overtakers would have the exclusive right to use the eco caravan designs which were drafted by Yo at COO's office last year and in return Overtakers promised not to negotiate with any other party to buy its business for a year. Yo took the company's official seal and signed as a 'director' of the COO and then as general manager. At a board meeting, YO leaked the details of the deal, but Reg said that although he was annoyed that Yo had gone behind his back, he and Rose would now approve the deal because he believed the company was a potential purchaser of their shares for sale. Yo, Rose and Reg then discussed the purchase of their shares with Overtakers, who had not informed Larry of these matters. Larry later got into a heated argument with Reg and Yo, in which Larry accused them of excluding him from the decision. Advise Larry on what appropriate remedies he could take and the likely outcome regarding Yo, Rose, and Reg's actions here
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