Real estate development business

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 XYZ’s 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.

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