Question: CASE STUDY Boo, Bee, and Optima agreed to form Mega Sdn. Bhd. to produce health products. Later, they applied for a loan amounting to RM200,000

CASE STUDY

Boo, Bee, and Optima agreed to form Mega Sdn. Bhd. to produce health products. Later, they applied for a loan amounting to RM200,000 from Decom Bank to purchase a van and equipment for company use. However, after operating for five years, the company suffered losses and had to be wound up for failing to settle the loan amount with Decom Bank, Decom Bank claimed Optima since he has personal assets totaling RM 1 million. Based on your analysis of the above situation: 1. Briefly state TWO (2) issues of the case. 2. Is Optima liable to pay for the loan amount to Decom Bank? State your reasons. 10:45 PM

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