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Lisa and Maxwell have been told by a friend that the main advantage to carrying on business through a company is that their personal assets

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Lisa and Maxwell have been told by a friend that the main advantage to carrying on business through a company is that their personal assets are protected by the legal principle of limited liability. After Alpha Sdn Bhd is registered, the following occur: a. Alpha San Bhd executes a one year lease for new premises for the business. b. Alpha Sdn Bhd borrows RM30000 from Beta Bank to fund expansion of the business. Beta bank will agree to lend the money to Alpha Sdn Bhd only if Lisa and Maxwell personally guarantee repayment of the loan. At the bank's request, Lisa and Maxwell agree to give the bank a charge over their house to secure their obligations under the guarantee. c. AlphaSanBhdagreestopurchasesomecomputersfromasuppliercalledCarreraSan Bhd. Under the terms of the purchase agreement one-third of the purchase price is payable on delivery, with the balance payable in equal monthly instalments over the following two years. If, six months after the agreements are entered into, Alpha Sdn Bhd were unable to make the payments required under the agreements, would Lisa or Maxwell be personally liable to the landlord, Beta Bank or Carrera San Bhd? How would your answer differ if Lisa and Maxwell carried on the business as partners and each of the agreements had been entered into by them as partners

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