Salima Is a Director of Commercial Depot Inc, an Office

Salima is a director of Commercial Depot Inc, an office supply business. Salima thinks it would be a good idea if the corporation were to buy the building the corporation is currently renting. In her view, the price the landlord is offering is a good one. She thinks that if the corporation does not buy it, someone else might, and that person would want to significantly increase the corporation's rent. She has been trying to get the other members of the board to agree to buy the building for the past six months, but it has not yet been approved. There just never seems to be time to get to it at the directors' meetings. She is very worried about other buyers and wonders whether she should just buy the building herself. She could always sell it again for a gain and she would not have to increase the rent to Commercial Depot to ensure that she receives a good cash flow. Do you see any problems with Salima's plan to buy the building herself? Explain how Salima could achieve her objective while avoiding any legal problems.