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QUESTION:4. YAA CORONA incorporated a company called SANITIZER CO LTD to engage in the export of Gold. The company's shareholders and directors actually injected more
QUESTION:4. YAA CORONA incorporated a company called SANITIZER CO LTD to engage in the export of Gold. The company's shareholders and directors actually injected more capital into the company in order to explore the markets in Europe. However, due to the fall in value in the price of Gold as a result of the CONVID-19 pandemic in Europe one of the company's market, the company became bankrupt and three of the company's creditors namely-RED MASK, YELLOW MASK and GREEN MASK took the Director of the Company, YAA CORONA as well as the Shareholders personally to Court to retrieve their debts. With decided cases advise the three creditors on their chances of recovery of the debt
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