Nicolas is the director of Brakers Industries, a drill manufacturer. He is also a major shareholder of Alivert Corp., a leading landscaping tools manufacturer. Brakers undergoes a financial crunch and finds it difficult to raise money. Nicolas signs up Brakers as a supplier of drills to Alivert Corp. Having obtained a new client, Brakers manages to avoid financial distress. However, Nicolas has not informed anyone of what he has done. Can this transaction be voided? If yes, on what grounds can it be voided?

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The Answer of Nicolas is the director of Brakers Industries, a drill manufacturer. He is also a major shareholder of Alivert Corp., a leading landscaping tools manufacturer. Brakers undergoes a financial crunch and finds it difficult to raise money. Nicolas signs up Brakers as a supplier of drills to Alivert Corp. Having obtained a new client, Brakers manages to avoid financial distress. However, Nicolas has not informed anyone of what he has done. Can this transaction be voided? If yes, on what grounds can it be voided?

Nicolas Is the Director of Brakers Industries, a Drill Manufacturer