QUESTION 2 Mr Abl is a retired banker who owns a beautiful country estate in Langkow, Kedah. The estate Is surrounded by view of magnificent paddy fields and old village houses. Recently, he decided to run a small business since he has plenty of tree time as a retires and he developed his oflate into a place where tourists can come by and stay at several farmhouses that he built for accommodation. Mr Abi insured all the farmhouses under his own name since the estate belongs to him. His business received a lot of good response and positive feedback from those who have visited and stayed at the farmhouse. As the business la making good money, Encik Abl decided to form up a company called Rumah Desa 5dn And and transfer the business that has a value of RM1,000,000 00 to the company. In consideration, Encik Ab holds 700,000 shares while his wife. Puan izcalda holds 200.000 shares. Since 100.000 is not paid for, the company Issues unsecured dabentures for the remaining amount. Nevertheless. Encik Abi sall wishes to maintain the farmhouses" insurance under his own name. a) Explain to Encik Abi any TWO (3) consequences of incorporation of a company. (5 Marks) bj Advise Encik Ahl why he should change the insurance policy covering the farmhouses to be under Rumah Desa Son end (10 Marks)