TUTORIAL

INTRODUCTION OF COMPANY LAW

ANSWER ALL QUESTIONS. (CLO1, C3, PLO1) (20 MARKS)

1. Man, Min and Mun agreed to form Thor Sdn Bhd to produce cosmetic products. Later,
they applied for a loan amounting to RM150, 000 from Trump Bank to purchase a lorry
and equipment for company use. However, after operating for 4 years, the company
suffered losses and had to be wound up for failing to settle the loan amount with Trump
Bank. Trump Bank made a claim against Mun since she has a personal asset totalling
RM500, 000.

Based on your analysis of the above situation/case:

i) Write the issue relevant to the above case. (4 marks)

ii) State the principle applicable to the situation and explain briefly THREE (3)

effects of the principle. (8 marks)

iii) Write ONE (1) name of a case which explains the above principle. (2 marks)

iv) Does Mun liable to pay for the loan to Trump Bank?

Why? State your reasons. (6 marks)

END OF QUESTIONS