13 Jan Jack is a director at XYZ Corporation. XYZ is in t
Jack is a director at XYZ Corporation. XYZ is in the real estate development business. During a recent Board of Directors meeting he was made aware of XYZA????1s plan to purchase a lot to build a luxury hotel. The lot is located in Quaktown, PA. Jack thinks the location is a perfect place for a hotel. Jack wants to know if there are any legal issues regarding her purchasing the land and developing it himself.