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Profit Guarantee

312 Views  ⚫  Asked 3 Years Ago
asked on Mar 10, 2014 at 02:30
by   khor
If A has 10,000 shares in a company. A sells the 10,000 shares to B. A and B have profit guarantee between them. But the profit guarantee is just between A and B, not with the company. So now B sells the 10,000 shares to C. Can C now rely on the profit guarantee as well?

Is there any malaysia cases on this issue?
Or could just argue on the privity of contract?

Anyone?
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