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(a) (b) (C) Chris Company is a wholesaler dealing with fancy toys in Tuen Mun, Hong Kong. Chris, sole director of the company is going
(a) (b) (C) Chris Company is a wholesaler dealing with fancy toys in Tuen Mun, Hong Kong. Chris, sole director of the company is going to sell his company. Therefore, Chris posted an BUSHE)? Legal Aspects of Business BUN22 lsr Term advertisement in the local newspaper to sell his company. The advertisement states that this company has more than l900 company clients and more than 20 potential investors and the past monthly income from the company was _ average HK$1.S million. Jane saw the advertisement and visited Chris and showed her interest in buying his business. Chris showed Jane around the ofce and asked her to conduct a meeting with the accounting manager who keeps and maintains the company's accounting records. Jane did not check the accounts. Finally, Jane brought the company at a purchase price of HK$15 million. After Jane has operated the business for several months, she finds that this company never has as many clients as Chris mentioned in the advertisement before, no potential investors wanted to invest money into this company and the past monthly income was just average HK$1 30,000. Advise Jane under contract law. (12 marks) Under the prevention of Money Laundering and Counter Terrorist Financing concept, explain the term \"Money Laundering". State and explain the stages involved in money laundering. (8 marks) Explain the concept of \"Bills of Exchange\" under the Bills of Exchange Ordinance
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