Donny and Mary decided to incorporate an entertainment and production company to be named Wayang Hebat Sdn Bhd. They submitted relevant documents to the Companies Commission on 1st March 2020 and a notice of registration was issued immediately on the next day. Upon incorporation, all their belongings were sold to the company and they gained substantial profit of RM100,000. A disclosure of profits worth RM50,000 was made to the board of directors and was later ratified. On the 15th February 2020, Donny entered into a contract with Merdeka Studio for the making of a TV drama. The contract amongst others required Merdeka Studio to create a TV drama for Wayang Hebat Sdn Bhd who shall later pay a sum of RM50,000 to the former once the TV drama is completed and aired by any television networks. Upon receiving the TV drama on 1st April 2020, Wayang Hebat Sdn Bhd sold it to a well-known television station and was aired twice since then. To date, Merdeka Studio has yet to receive any payment from Wayang Hebat Sdn Bhd. When asked for the payment, Wayang Hebat Sdn Bhd refused to be bound by the contract on the grounds that no approval was given to Donny to enter into such a contract on the companys behalf. Based on the above given situations, advise Wayang Hebat Sdn Bhd on the following matters: a) The sale by Donny and Mary of their belongings to Wayang Hebat Sdn Bhd b) The contract with Merdeka Studio.