Characters:

$1.$Chen: The people, with a knack for networking and customer service

$2.$Dol: The business$-$minded one, always thinking strategically

$3.$Lela: The creative one, with a flair for fashion and design.

Lela: Hi guys! What$$s up$?$

Dol: Lela, Chen, my besties!

Chen: Hi Dol, hi Lela! It$$s been ages since I heard from you two, my favorite people.

Lela: I$$m great, guys! I$$ve been working on designs for the $2025$ Raya collection. Soft pastels and flowy fabrics. I dream of showcasing them all in one place someday.

Chen: Lela the jukebox, dreaming again.

Dol: $($Grins$)$ Dreaming is fine, but we need to be realistic.

Lela: $($Rolls her eyes$)$ Killjoy! Can$$t we dream a little?

Dol: $($Scans sketches$)$ Wait, why not turn this dream into a business? You$$re talented, Lela. Your designs deserve to be showcased!

Chen: Great idea, but I$$m not as loaded as you, Dol. You$$ve been earning USD in Dubai!

Dol: Don$$t worry, friends share. We$$ll pool our funds, and I$$ll top up the rest. What do you think?

Lela: $($Excited$)$ It$$s amazing, but I can only contribute RM$30$K$.$

Chen: I can put in RM$20$K and leverage my $10$ years of marketing experience, supplier contacts, and influencer connections.

Dol: Perfect! Let$$s set up a general partnership. I$$ll invest RM$100$K but stay a sleeping partner since I$$m in Dubai. Lela can design, and Chen can manage the business.

Chen: That works! My employer is shutting down, and I just got retrenched.

Lela and Dol: $($In unison$)$ A blessing in disguise!

Dol: Let$$s call it $$CHENDOLELA$!$

Lela: I appreciate Chen managing CHENDOLELA while I focus on designs. Should we formalize our roles?

Dol: No need; I trust you both. But Chen, you$$re authorized for transactions under RM$10$K$.$ Over that, you need our approval. Both of you will be paid RM$5$K monthly, and Lela gets $20\%$ of each sale. Profits will be split based on contributions.

Chen and Lela: $($In unison$)$ Aye, Captain!

Fast forward to November $2024$

Lela: Dol, bad news. Chen$$s not who we thought. A seamstress accused him of harassment and threatened to sue.

Dol: What? That$$s terrible!

Lela: Worse, he spent RM$20$K on office supplies without our approval. Even Office Tradex knew he needed consent for purchases over RM$10$K$!$

Dol: $($Stunned$)$ That$$s a waste of money!

Lela: It$$s not the first time. I let his RM$11$K purchase of Italian silk slide because it benefited my designs, but this is too much.

Dol: I$$m not liable as a sleeping partner, but you$$re actively involved, Lela.

Lela: That$$s not all. Chen$$s been using CHENDOLELA resources for a similar business with his siblings. Rumor is he$$s leaving us$.$

Dol: $($Shocked$)$ Betrayal! We$$ve worked so hard for this.

Lela: We need legal advice immediately.

Dol: Agreed. Bye, Lela, take care.

Question:$$In light of the conversations between the three characters: Chen, Dol and Lela below:$1.$ critically analyse TWO characteristics under Common Law and Malaysian statutes relating to Company law and Partnership, and critically analyse the relevant sections under the Malaysian partnership law covered in Business Law that match the above conversations. Students MUST provide justifications for each explanation by using Issues, Root, Apply and Conclusion $($IRAC$)$ to explain it$.$