7 10 points Save A Scenario: Albert and three of his friends have decided to come together to form a new company. They will need a large premises for their company as they intend to engage in online sales and will require a warehouse to store their product. They propose to name the company Quick Buy Pty Ltd. Albert will coordinate initial formalities, initiate and manage registration of the company and find a suitable warehouse that the company can use for storage. The three friends each promised to contribute 5100.000 individually for the new company towards share capital Albert has now instructed a solicitor to prepare the necessary documents for the new company. He finds a warehouse and agrees on a three-year lease and also engages a web designer to build a website for online sales. After three weeks, none of the friends have paid the $100.000 that they committed. Two of the friends have decided to invest the money elsewhere as they are not sure that Quick Buy will be profitable in the current economic climate. They have not informed Albert of their decision and have done nothing in relation to the proposed company The bill from the solicitor and the web designer have now been presented to Albert and the landlord has issued an invoice for the fest quarter of the year. The company is yet to be registered and it now does not seem likely that it will be registered. Albert is very worried and seeks your advice PART C) Explain the nature and circumstances under which Quick Buy Pty Ltd would become liable if it were in fact registered and state who would be able fast notably the contacts (10 marks) for the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Maci BIUS Paragraph Open Sanssa 10pt