Aroperty Developments L td is a building development company. The directors are Julian, Sol and Daniel. They believe that given the downtum in property prices, now is the time to cauire ind for future property development. Gerald, who is Julian's uncle, owns some Ind in the westem growth suburbs of Melboume. Gerald is under severe financial pressure from the bank due to recent increase in interest rates and therefore keen to sell some of his land haldings. Julian is aware of this. The drectors of Property Developments Ltd are keen to buy the land. Julian honestly believe that it is none of the board's business if the land is bought from Gerald and does not divicsese to the other directors