Explore the markets in europe

Assignment Help Business Management

Reference no: EM132680030

QUESTION :1

KOJO COVID is one of the directors of CORONA CO LTD. The company was actually set up to deal with the provision of face marks, Veronica buckets, sanitizers soap and other Personal Protection Equipment (PPEs) to various hospitals at a subsidized price.

KOJO COVID however diverted some of the equipment meant for the hospitals to his wife YAA SANITIZER who was selling the equipment in her shop to the general public at very exorbitant prices.

As a director has KOJO COVID live within his duties? And why?

QUESTION:2

COVID-19 , a young entrepreneur conceived the idea of establishing a company which when is registered shall be known as MASK CO LTD with the sole aim of investing in diamond trade and other precious jewelry . BLESS LEMON, a popular returnee from Germany popularly called BLESS POWER LEMON through her niece KOJO SANITIZER alias BURGER CORO placed an order for three hundred pounds of gold and paid EURO100, 000 for same. Out of the EURO300,000 being the total cost of the diamond she agreed to pay the balance of EURO 200,000 in two monthly installments. However, BLESS POWER LEMON could not fulfill her promise.

With decided cases advice MASK CO LTD on its chances of success in instituting legal action against BLESS POWER LEMON

QUESTION:3

YAA CORONA incorporated a company called SANITIZER CO LTD to engage in the export of Gold. The company's shareholders and directors actually injected more capital into the company in order to explore the markets in Europe.

However, due to the fall in value in the price of Gold as a result of the CONVID-19 pandemic in Europe one of the company's market, the company became bankrupt and three of the company's creditors namely-RED MASK, YELLOW MASK and GREEN MASK took the Director of the Company, YAA CORONA as well as the Shareholders personally to Court to retrieve their debts.

With decided cases advise the three creditors on their chances of recovery of the debt.

Reference no: EM132680030

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