Question One Ali, Bella, Caro and Dylan are successful musicians. In 2015, they engaged a solicitor to set up a partnership in which they had equal interests. In 2022, their accountant advises them that there would be tax and legal advantages if they set up a company. They form Albecady Limited. Each hold 25% of shares and are directors. They sell their instruments and equipment to the company by way of secured debt. Dylans behaviour on stage is becoming increasingly erratic, and he has become disruptive in company meetings. The others decide to sack him from the band, and remove him as a director of Albecady. Dylan responds by demanding the company is liquidated, otherwise he will simply take his share of the instruments and equipment. Required: Approximately 300-400 words Explain to Ali, Bella and Caro whether a court is likely to: We recommend that you use the ILAC (Issue, Law, Application and Conclusion) legal problem- solving method to answer this question. We expect you to support your answer by reference to at least two cases. Question Two You have the opportunity to work over the summer break with Companies r Us Syndicated Ltd (CUS), a corporate advisory firm which tends to attract businesses which like to push the boundaries of the law. CUS asks you to advise whether the Register of Companies is likely to register the proposed company names of CUSs clients. Required:A: Briefly explain whether the Registrar is likely to register the following proposed company names: Question Three Explain two ways in which banks overcome the risk of debts being unpaid by SME companies..

1. Question One
Ali, Bella, Caro and Dylan are successful musicians. In 2015, they engaged a solicitor to set up a partnership
in which they had equal interests.
In 2022, their accountant advises them that there would be tax and legal advantages if they set up a
company. They form Albecady Limited. Each hold 25% of shares and are directors. They sell their
instruments and equipment to the company by way of secured debt.
Dylans behaviour on stage is becoming increasingly erratic, and he has become disruptive in company
meetings. The others decide to sack him from the band, and remove him as a director of Albecady.
Dylan responds by demanding the company is liquidated, otherwise he will simply take his share of the
instruments and equipment.
Required: Approximately 300-400 words
Explain to Ali, Bella and Caro whether a court is likely to:
We recommend that you use the ILAC (Issue, Law, Application and Conclusion) legal problem-
solving method to answer this question. We expect you to support your answer by reference to at
least two cases.
Question Two
You have the opportunity to work over the summer break with Companies r Us Syndicated Ltd
(CUS), a corporate advisory firm which tends to attract businesses which like to push the
boundaries of the law. CUS asks you to advise whether the Register of Companies is likely to
register the proposed company names of CUSs clients.
Required:
A: Briefly explain whether the Registrar is likely to register the following proposed company
names:
Question Three
Explain two ways in which banks overcome the risk of debts being unpaid by SME companies.