Kamau steals the share certificate for Patel who is the original allotee. He gets the shares...
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Kamau steals the share certificate for Patel who is the original allotee. He gets the shares transferred in his own name by forging the signature of Patel on the transfer deed and obtains a new share certificate from the company made out in his own name. He sells the share to Onyango, a bonafide purchaser for value. Discuss the rights of Patel and Onyango vis-a-vis the company. (5 marks) Kamau steals the share certificate for Patel who is the original allotee. He gets the shares transferred in his own name by forging the signature of Patel on the transfer deed and obtains a new share certificate from the company made out in his own name. He sells the share to Onyango, a bonafide purchaser for value. Discuss the rights of Patel and Onyango vis-a-vis the company. (5 marks)
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Related Book For
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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