Question
Hello tutor, could you please offer your guidance and structure on how to address the problem questions regarding Company Law. Kindly include the pertinent cases
Hello tutor, could you please offer your guidance and structure on how to address the problem questions regarding Company Law. Kindly include the pertinent cases (judgements) and principles and the possible resolution and remedy for Majid. Thank you.
Ral, the Managing Director of Q Limited (Q), transferred 20,000 from his personal bank account to Q's bank account on being told by its bank that if the overdraft was not reduced by close of business that day, the facility would be withdrawn. Having since had a Board Meeting, Ral makes a further loan of 10,000 to Q but is also granted a floating charge as security. A week later a creditor is granted a petition to place Q into insolvent liquidation. Advise Ral.
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