Suttons Pty Ltd needed 10 new computers for use by employees of the company.

After doing some research, Suttons Pty Ltd eventually bought 10 computers from a local office supplies shop called Officeworkers Ltd.

Required: Answer the following questions:

1. Which section of the Corporations Act 2001 (Cth) makes it possible for Suttons Pty Ltd to enjoy legal capacity?
2. Which case helped us to recognise that companies like Suttons Pty Ltd are separate legal entities from its shareholders, directors and employees.
3. Which case helped us understand that the property (eg computers) that is purchased by the company, belong to the company.. NOT to the shareholders of the company?
4. Which case helped us understand that companies like Suttons Pty Ltd can sign employment contracts in order to hire people?
5. What would be the likely consequence if it was discovered that Suttons Pty Ltd was insolvent at the time it placed the order for the computers?