In June 2014, Shoes are Us, A Jamaican Company engaged in the manufacturing of shoes, formed a subsidiary corporation, Shoe Plus Jamaica Limited. Shoes are Us transferred to Shoe Plus, title to a property in exchange for $5,000,000 mortgage. The property, a commercial building in Manchester was occupied solely by Shoes are Us. Subsequently, Shoe are Us vacated the building and Shoe plus Jamaica Limited went into an agreement to sell the property to a Michael Green and then refuse to handover the title of the property claiming that there was a mortgage on it. Ethan and Nathan were the officers, directors and sole shareholders of both Shoes are Us and Shoe Plus. The corporation maintained separate business records and bank accounts. Shoe Plus had no employees and held no board meetings and had no letterhead.

Question 1A. Suggest what recourse Michael Green may have if he decides to take the matter to the courts.

1B. With reference to a decided case, discuss what is meant by a separate legal entity.

1C. Discuss THREE (3) consequences of incorporation.