George has been appointed as the sole director of Software Solutions Ltd and has a three year contract for his services to the company. George has entered into a contract in the name of Software Solutions Ltd for the provision of services to George Ltd, a company wholly owned by George, at a discounted price. Simon, who is one of the shareholders holding 15% of the issued share capital in Software Solutions Ltd, wishes to take legal action against George and replace the director of Software Solutions Ltd.Required:Advise Simon and George as to their legal rights and obligations. (10 marks)
