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Please answer this question by tonight. QUESTION 1 Kamal, Michael and Singh are partners in the rm manufacturing radio and CD players called Loud and
Please answer this question by tonight.
QUESTION 1 Kamal, Michael and Singh are partners in the rm manufacturing radio and CD players called Loud and Happy Syndicate. While testing some players last month, Singh forgot to install some safety devices. Syaq bought their CD player and suffered hearing problems. The doctor where Syaq undergone the treatment told Syaq that his hearing problem was caused by the defective safety system on CD player he used. Syaq was unhappy and wish to bring legal action for negligence against the rm. Meanwhile, Michael has been coming in late for work lately and his private life is drawing a lot of negative attention from the press due to the fact that he is a politician's son. He has been charged with drunk driving and was seen slapping his girlfriend. Due to this matter, Kamal decided to dissolve the partnership by applying to the court and at the same time he gave notice of dissolution to Michael and Singh. Michael dissatised with Kamal, want to challenge the validity of the dissolution. Kamal later continued the business as his own business and using the same name as he did not want to lose his customers. He also used the old letterhead of Loud and Happy Syndicate to carry out the business transactions without removing Michael and Singh's name. Kamal borrowed money of RM100,000 from Finance Bhd to buy high- tech equipment to increase the production of radio and CD players. Finance Bhd demanded repayment of the loan from Michael and Singh when Kamal defaulted a few monthly instalments. With reference to the Partnership Act 1961 and decided cases, advise the parties involved on their rights and liabilitiesStep by Step Solution
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