Ahmad, Ah Chong and Samy wish to start up a new company. They are however confused as to which type of company to set up. They have a choice of Partnership, Sole-Proprietor and Corporation.
law
Description
Question
1
Ahmad, Ah Chong and Samy
wish to start up a new company. They are however confused as to which type of
company to set up. They have a choice of Partnership, Sole-Proprietor and
Corporation. They are unsure of the positive and negative issues that may be
attached to each of these institutions.
Whilst the company was being
set up, Ah Chong, left to Japan to purchase a building for business purpose for
the company. In Japan, Ah Chong faced issues that he could not decide on, with
regards to purchasing the building. He calls Ahmad and Samy but is unable to
reach them. He makes a decision out of absolute necessity and purchases the
building. Later Ahmad and Samy dispute this purchase.
Advise Ahmad, Ah Chong and
Samy on the best form of business entity to set up. (25 marks)
On the issue of purchasing
the building, can Ah Chong be held liable? (25 marks)
Question
2
ABC University is expanding
the campus. They employed XYZ company to carry out the work. XYZ company,
failed to complete work stipulated in the contract of employment. ABC
University wishes to sue XYZ company for its failure to complete the work on
time.
John, a research student at
the ABC University invents a car that can fly upwards like a drone. Andrew who
was on the same project sells the idea to Microsoft Inc. John is furious.
Advise XYZ as to their
liability under Employment Law with regards to the type of contract XYZ has
signed with ABC University. (25 marks)
