Question 2 (a) Micky and Ricky decided to start a business making and selling ice cream. They seek your advice on a comparison between a partnership and a limited company. Discuss. (10 marks) (b) When a company is incorporated, a separate legal person is created. Discuss the instances where the veil of incorporation may be lifted under case law. (10 marks) [Total: 20 marks] Question 3 (a) The board of directors of Harmony Berhad plans to buy back the company's shares. Advise them on the necessary requirements in order for them to do so. (10 marks) (b) Olive, a company director, seeks your advice on the circumstances where she can obtain a loan from the company. Advise her. (10 marks) [Total: 20 marks] Question 4 (a) (i) The board of directors of Pahang Cycle Berhad, a company that makes and sells bicycle, has decided to venture into the motorcycle business. Discuss how this can be done. (4 marks) (ii) Nancy, a shareholder of the company is unhappy about this change of the company's business. What can she do to prevent the change of the company's business? (6 marks) (b) The board of directors of Fancy Cake Berhad wishes to alter the articles of the company. What are the requirements to enable them to do so? Discuss. (10 marks) [Total: 20 marks] Question 5 (a) Norman who dreams of becoming a company director seeks your advice on the circumstances where a person can be disqualified as a company director. Advise him. (10 marks) (b) Eugene has been appointed as an accountant of Deluxe Berhad. Discuss the ethical principles that he must uphold as a professional accountant. (10 marks)