Solve the following questions please

#business law##accounting#

Creative Computing Ltd buys $32,000 of silicon chips from Chekhov Components Ltd and $8,000 of screens from Baxter Production Limited to be used in assembling computers. Both firms sell their products subject to romalpa clauses and register their interests on the PPSR. Due to a glut of cheap imports, the market for computers is oversupplied, and Creative fails to pay both Chekhov and Baxter. The computers for which the silicon chips and screens were used now only have a market value of $24,000.

What can be recovered by Chekhov and Baxter? Explain your reasoning referring to relevant provisions in the PPSA.

If YourFace Incorporation does not pay of creditors, has an alter ego, does not act like a corporation, uses corporate funds to pay personal funds or commits fraud, the court may do which of the following? CORPORATE FRAUD O a. No. Under the Model Act, regardless of MegaCorp's motives, it had the right to act as it did. O b. Pierce the corporate veil O C. Replace the officers. O d. Terminate the corporation.ASSIGNMENT QUESTION PURPOSE The purpose of this assignment is to enhance learners' ability to explain the types of companies and exceptions of corporate veil. Learners are also expected to be able to discuss the duties of directors of a company. REQUIREMENT Explain the types of companies and the exceptions of corporate veil. Discuss the duties of the directors of a company. Give your View on the exceptions ol' corporate veil and duties of the directors. [Totah 60 marks]