Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jun 21, 2024

(b)The company was registered on 8 July 2020 and the notice of registration issued by the CCM(SSM). Thereafter Mr X, Mr Y and Mr Z

(b)The company was registered on 8 July 2020 and the notice of registration issued by the CCM(SSM). Thereafter Mr X, Mr Y and Mr Z signed the loan agreement with Rich Bank. The loan agreement with Rich Bank has a term that states that "In the event of any dispute the borrowers cannot seek remedy in a court of law".

(i) Is this term enforceable? (10 marks)

(ii)Meanwhile Mr Y plans to form another company with Mr M and Mr P selling sports shoes in Penang. Is he allowed to ( do this )? (15 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

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

Statistics For Engineers And Scientists

Authors: William Navidi

3rd Edition

9780073376332

Students also viewed these Law questions

Question

=+c) State and test the standard null hypothesis for the coefficient of Expected Years of Schooling. Use the standard-level of a = 0.05 and state your conclusion.

Answered: 1 week ago

Question

★★★★★

A woman considering the purchase of a custom sound stereo system for her car looked at three different systems (A, B, and C), which varied in terms of price, sound quality, and FM reception. The...

Answered: 1 week ago

Question

★★★★★

You are managing a portfolio of $1 million. Your target duration is 10 years, and you can choose from two bonds: a zero-coupon bond with maturity of 5 years, and a perpetuity, each currently yielding...

Answered: 1 week ago

Question

★★★★★

This problem is concerned with one of the simplest types of linear programs in which there is a single linear constraint and there are lower and upper bounds on variables: a) (5 points) For every...

Answered: 1 week ago

Question

★★★★★

Question 1 Suppose there are only two goods in the economy: Yo-yos and Marbles. Bob only cares about his consumption of Yo-yos; the more Yo-yos he has the happier he is, regardless of his consumption...

Answered: 1 week ago

Question

★★★★★

Mar Company has two decentralized divisions, X and Y. Division X has always purchased certain units from Division Y at $75 per unit. Because Division Y plans to raise the price to $100 per unit,...

Answered: 1 week ago

Question

★★★★★

Salem-Winston Corporation is emerging from reorganization proceedings under Chapter 11 of the bankruptcy laws. The company's balance sheet shows total assets of $4,500,000, liabilities subject to...

Answered: 1 week ago

Question

★★★★★

Q11 A car is moving at constant speed in a straight line with the engine providing a driving force equal to the resistive force F. When the engine is switched off, the car is brought to rest in a...

Answered: 1 week ago

Question

★★★★★

Describe what management should understand and consider about network technologies, protocols, and convergence. Identify some advantages and challenges associated with networks.

Answered: 1 week ago

Question

★★★★★

A small open economy has a current account balance of zero. An increase in its investment demand causes Question 2 options: no change in the capital account. no change in the current account. net...

Answered: 1 week ago

Previous Question Next Question