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Lose the opportunity to acquire john wye undertaking

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Able and Ben are the promoters of Wye Ltd and are the two subscribers to the memorandum. The documents required to be sent to the Registrar of Companies in order to obtain the incorporation of Wye Ltd are ready to go. One of Wye Ltd's objects is to acquire the business of John Wye. John is getting difficult and insists that a contract for the sale of his business shall be signed now or the deal is off. What to Advise Able and Ben, who do not want to lose the opportunity to acquire John Wye's undertaking.

Reference no: EM132349806

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