Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ahmad, Ah Chong and Samy wish to start up a new company. They are however confused as to which type of company to set up.

Ahmad, Ah Chong and Samy wish to start up a new company. They are however confused as to which type of company to set up. They have a choice of Partnership, Sole-Proprietor and Corporation. They are unsure of the positive and negative issues that may be attached to each of these institutions.

Whilst the company was being set up, Ah Chong, left to Japan to purchase a building for business purpose for the company. In Japan, Ah Chong faced issues that he could not decide on, with regards to purchasing the building. He calls Ahmad and Samy but is unable to reach them. He makes a decision out of absolute necessity and purchases the building. Later Ahmad and Samy dispute this purchase.

On the issue of purchasing the building, can Ah Chong be held liable?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Jurisprudence

Authors: Julia Shaw

3rd Edition

1292210273, 978-1292210278

More Books

Students also viewed these Law questions

Question

2. Find five metaphors for communication.

Answered: 1 week ago