Flora Exotic Ltd, a company selling plants, has a large number of debts but continues to trade.
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Flora Exotic Ltd, a company selling plants, has a large number of debts but continues to trade. Kerry has supplied large quantities of fertilizer to Flora Exotic Ltd but, despite several reminders, their account for £5,000 has not been paid.
a) Advise Kerry, who wishes to petition the court to have Flora Exotic Ltd wound up.
b) Consider if the directors of Flora Exotic Ltd may be liable for wrongful trading.
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a Kerry is advised to petition to have Flora Exoti...View the full answer
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