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Shiela and her husband, Jack formed Sinar Sdn. Bhd. and they become the directors and shareholders of the company. In 2017, Sinar Sdn. Bhd. decided

Shiela and her husband, Jack formed Sinar Sdn. Bhd. and they become the directors and shareholders of the company. In 2017, Sinar Sdn. Bhd. decided to purchase a piece of land and a loan agreement was entered with Bumi Bank Bhd. to execute the purchase.

Based on the above situation, advise all the parties on their liabilities in the above transaction.

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