Caz is a director of Dull plc, but she also carries out her own business as a wholesale supplier of specialist metals under the name of Era Ltd.
Last year Dull plc entered into a contract to buy a large consignment of metal from Era Ltd. Caz attended the board meeting that approved the contract and voted in favour of it, without revealing any link with Era Ltd.
Required:
Analyse the situation explaining any potential liability that Caz may have in relation to the sale of the metal to
Dull plc by Era Ltd.(10 marks)