ABC Sdn Bhd is a newly incorporated company. Alex took all steps towards the formation and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ABC Sdn Bhd is a newly incorporated company. Alex took all steps towards the formation and the incorporation of ABC Sdn Bhd. Before the incorporation of ABC Sdn Bhd, Alex, purportedly acting on behalf of ABC Sdn Bhd, entered into a contract with James. The contract was for the rental of an office unit to be used by ABC Sdn Bhd when it commenced its business operations. A week after the company was incorporated, the officers and employees of ABC Sdn Bhd moved into the rented office unit and commenced it business operations there. James, however, has not been paid the agreed rental of RM10,000 for the premises in the last 3 months. James would like to know if he should bring an action against Alex or ABC Sdn Bhd for the unpaid rent. Advice James based on promoter and their duties and/or liabilities towards to the company. Support your answer with relevant case laws and authorities from Companies Act 2016. ABC Sdn Bhd is a newly incorporated company. Alex took all steps towards the formation and the incorporation of ABC Sdn Bhd. Before the incorporation of ABC Sdn Bhd, Alex, purportedly acting on behalf of ABC Sdn Bhd, entered into a contract with James. The contract was for the rental of an office unit to be used by ABC Sdn Bhd when it commenced its business operations. A week after the company was incorporated, the officers and employees of ABC Sdn Bhd moved into the rented office unit and commenced it business operations there. James, however, has not been paid the agreed rental of RM10,000 for the premises in the last 3 months. James would like to know if he should bring an action against Alex or ABC Sdn Bhd for the unpaid rent. Advice James based on promoter and their duties and/or liabilities towards to the company. Support your answer with relevant case laws and authorities from Companies Act 2016.
Expert Answer:
Answer rating: 100% (QA)
In Malaysia the relevant legislation governing companies is the Companies Act 2016 In the given scen... View the full answer
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Posted Date:
Students also viewed these computer network questions
-
a) Eight readings are shown below in ascending order (smallest to largest). -9, 0, 1, x, 7, 10, 12, 13. The mean and the median are the same. Find the value of x. b) 50 people were asked to record...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Two 20-in. rods AB and DE are connected as shown. Point D is the midpoint of rod AB, and at the instant shown rod DE is horizontal. Knowing that the velocity of point A is 1 ft/s downward, determine...
-
Write an essay on the following topics What are ways that the need for recognition can stifle servant leadership? How can personal career advancement stifle a desire to truly be a servant leader? In...
-
What is medigap insurance?
-
Where are direct materials, direct labor, and overhead costs for each job initially recorded?
-
Army-Navy Surplus began March with 75 tents that cost $16 each. During the month, Army-Navy Surplus made the following purchases at cost: Army-Navy Surplus sold 318 tents, and at March 31, the ending...
-
Service department allocations and cost drivers Middler Corporation, a manufacturer of electronics and communications systems, allocates Computing and Communications Services (CCS) service department...
-
Valley Pizzas owner bought his current pizza oven two years ago for $9,000, and it has one more year of life remaining, lie is using straight-line depreciation for the oven. He could purchase a new...
-
Find the electric flux E across the part of the cylinder x + y = 9, 0 z 2, in the direction of the outer unit normal vectors when the electric field is E = E(x, y, z) = xi + 2yj + 16zk. (Express...
-
A naive hyperbolic discounter with a yearly beta=0.5 and delta=1 has 10,000 to invest for retirement, which is 30 years from today. Her utility function for wealth at retirement is u(w)=w. The agent...
-
3. Present/submit your review findings and changes to the CEO (Trainer/assessor play a role as a CEO of AYMA SERVICES) You should present your work to the CEO along with an explanation of the changes...
-
Kadom is a company that manufactures all kinds of electrical products. The fiscal year - end is January 3 1 , and the financial statements are usually finalized around March 3 1 . The company's...
-
How does remote work or virtual collaboration affect employees' sense of connection and commitment to an organization ?
-
Which curved arrow mechanism is correct for the acetylation of DL-phenylalanine? ( A. Na B. . O D. 00 Na Na 00 + OH OH2 Na OH NH + H2O 0 NH NH NH NH NH NH + H2O + H2O + H2O 0= 00 0= o NH OH O OH NH...
-
Implement this function to replace all negative values in list by item using C++ cpp?? //The function should also return the number of replaced values int replaceNegative(ArrayList & list, int item)...
-
A supermarket chain is interested in exploring the relationship between the sales of its store-brand canned vegetables (y), the amount spent on promotion of the vegetables in local newspapers (x1)...
-
Explain the difference between negative assurance and an adverse opinion.
-
Why do auditors seek information about the use of nonstandard journal entries?
-
What are some causes of auditors becoming defendants in lawsuits?
-
Find the range of values of \(x\) such that (i) \(|x+5| \geq 1\). (ii) \(|x+5|>|x-2|\). (iii) \(|x+5|
-
Consider NLS regression for the model \(y=\exp (\alpha+\beta x)+\varepsilon\), where \(\alpha, \beta\), and \(x\) are scalars and \(\varepsilon \sim \mathcal{N}[0,1]\). Note that for simplicity...
-
Suppose a sample yields estimates \(\widehat{\theta}_{1}=5, \widehat{\theta}_{2}=3\) with asymptotic variance estimates 4 and 2 and the correlation coefficient between \(\widehat{\theta}_{1}\) and...
Study smarter with the SolutionInn App