BBBL2074: Business and Corporate Law Assignment, TARC, Malaysia Olive Foods Sdn. Bhd. is a relatively small company incorporated in Malaysia having its business premises in Rawang

University Tunku Abdul Rahman College (TARC)
Subject BBBL2074: BUSINESS AND CORPORATE LAW

Olive Foods Sdn. Bhd. is a relatively small company incorporated in Malaysia having its business premises in Rawang, Selangor. The company carries on the business of importing and distributing food products to supermarkets and other retail outlets in Klang Valley.

Mr. Olive is the managing director of the company likewise Mr. Floro,a director appointed by the company responsible for souring an alternative olive supplier for the company in order for the company to produce olive vegan products and to manage the business of the company.

The appointment of Mr. Floro was decided by Mr. Olive who found out that the existing supplier Nana Sdn. Bhd. was making a very substantial margin on the prices it charged to the company and Mr. Olive believed that his close friend Mr. Floro was able to do a good job.

On 31.3.2022, Mr. Floro tendered his resignation as director where he intends to migrate to Australia and his resignation was accepted by the company.

On 1.6.2022, Mr. Olive found out that an estimated RM150, 000.00 costs, and expenses were incurred by the company for an overseas business trip approved by Mr. Floro solely. Mr. Olive also found out that some overseas trips were not for the benefit of the company, some overseas hotel accommodations expenses were claimed by Mr. Floro for his family trips, and these transactions were never disclosed to the board.

Mr. Olive was very furious when he was further made aware that Mr. Floro was one of the major shareholders of Nana Sdn. Bhd.

Hence, Mr. Olive also found out that Mr. Floro earned and received from the company’s suppliers a commission of 1 % during his tenure as a director in the company.

Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.

Get Help By Expert

Are you struggling with writing essays for your academic assignments? Look no further than Assignmenthelper.my! Our team of experienced writers is dedicated to helping you achieve your academic goals by providing top-notch essay writing services. We understand the importance of submitting high-quality essays on time, and our team works diligently to ensure that your essay meets all the necessary requirements. Whether you need help with research, writing, or editing, our team is here to assist you every step of the way. So why wait? Contact us today and let us help you succeed!

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

70841+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

BCT663 Building Information Modelling UITM Assignment Sample Malaysia
The "BCT663 Building Information Modelling" course at UITM in Malaysia provides students with an introduction to the principles and procedures associated with the utilization of computer-based, information-rich 3D building models…
Engineering
MAF 151 Cost And Management Accounting Assignment Sample UiTM Malaysia
The cost and management accounting field is a constantly evolving industry, which means that new topics are coming out on an almost daily basis. This course covers the most current…
Accounting

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now