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Question: Russette and Simon are good friends. Together, they ran a business under the name WOH San Bhd which is incorporated under the Companies Act
Question: Russette and Simon are good friends. Together, they ran a business under the name WOH San Bhd which is incorporated under the Companies Act 2016. The nature of the business is logging and timber. Simon bought timber from Jason under the company's name, who had insured the goods for fire in his own name. Jason did not transfer the insurance policy to WOH Sdn Bhd's name. A fire broke out and destroyed all the timber. Russette was upset and demanded to claim for insurance. Define the type of insurance involved and advice WOH Sdn Bhd on whether they could claim for the insurance of the timber
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