Robinson V Randfontien

Question 1

Robinson V Randfontien issue?

Answer 1

Breach of Fiduciary

Question 2

Robinson V Randfontien court held

Answer 2

Where one man stands to another in a position of confidence involving a duty to protect thier instrests of that other, he is not allowed to make secret profit at the others expense or place themselves where interest conflicts with duty.

Question 3

Robinson V Randfontien legislation

Answer 3

Section 76(3)

Question 4

Section 76 (3)

Answer 4

Director must exercise their power and perform functions of a director:
A) in good faith
B) in the benefit of the company
C) degree of care, skill and diligence

Question 5

Robinson V Randfontien summary

Answer 5

Director of plaintiff company purchased property in circumstances where his duty was to have acquired the property for the company and not himself. He then sold the property to the company.

Question 6

Robinson V Randfontien judgement

Answer 6

Company was entitled to claim from the director, the profit he had made out of the transaction.