Q 1) A is a director of X Corporation, a corporation that buys and rents real estate. A hears about a super deal on some prime real estate from his brother Morty. Under what circumstances (if any) can A purchase the property for himself? 2) A is a director of X Corporation, a corporation that buys and rents real estate. A also owns a bank. X would like to refinance the building. Under what circumstances (if any) can A's bank make the loan to X?
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