1. Ahmad and Amin has entered into a contract for the sale and purchase of land belongs to Amin for the price of RM250,000. Due to some disputes arose between Ahmad and Amin before the performance of the contract, Amin decided not to sell the land to Ahmad. He then set up a company named Happy Sdn Bhd with him as the only member and sold the land to the company. Ahmad approached Amin to enforce the contract, but Amin told Ahmad that the land already been sold to Happy Sdn Bhd and therefore unable to be delivered to him. Ahmad dissatisfied and sued Amin and Happy Sdn Bhd for specific performance. Advice Amin.
2. Lee and Bee have decided to form a company, Habib Sdn Bhd. They had done everything that is needed to form a company including looking for a suitable property to commence the business. They managed to purchase a property at a value of RM 100,000 and then they sold it to the company for RM150,000. When Habib Sdn Bhd was formed, Lee and Bee informed the board of directors that the value of the property is RM150,000 and the company ratified the transaction. The company has now found out the real value of the property. They wish to bring an action against Lee and Bee.

Advise Lee and Bee as to whether they had breach the law.