For each of the following developments, explain whether the shareholders and/or directors would be personally liable to the landlord, NAB Bank, Janice or Acme Computers Pty Ltd.

1) CCS Pty Ltd enters into a lease for new premises where the business is to be headquartered. (Maximum answer 200 words)

2) CCS Pty Ltd borrows $100 000 from NAB Bank on an unsecured basis. Mira personally guarantees the repayment of the loan. (Maximum answer 200 words)

3) CCS Pty Ltd purchases a block of land from Janice for $500 000 to build a new warehouse. CCS Pty Ltd grants Janice a mortgage over the land equal to the $500 000 purchase price. (Maximum answer 200 words)

4) CCS Pty Ltd purchases several computers from Acme Computers Pty Ltd. One third of the purchase price is paid on delivery and the balance is payable in equal monthly instalments. (Maximum answer 200 words)