things about company law

1.Christine decides to use the company car as her own and transfers ownership from the company to herself. She does not pay the company anything for the car. The car had a book value in the company of $12,463.This was done on 5 April 2015.

2.One supplier of confectionery to the business demanded immediate payment of its debt of $1,856. If VP did not pay the amount immediately the confectionery supplier would apply to wind up the company. This amount was paid on 31 January 2015.

Q:Assuming the company is placed in liquidation on 31 May 2015, what is the impact of transactions 1 and 2 above?In your answer please refer to relevant case law and legislation. (150--200 words)