Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Homework Help/Study Tips Expert

In March 2004, Cassandra set up in business as a sole trader offering various video-related services from leased studio premises located in South Belfast. In April 2006, she formed Picture This Ltd and, in consideration of the transfer of the business and its assets, including the leased studio premises, to the company, she was issued with 30,000, £2 shares in Picture This Ltd. Cassandra was the sole shareholder and director; she signed a contract of employment with Picture This Ltd and received a salary of £20,000 p.a.

In October 2007, she gave the company a loan of £12,000 to be used to finance new audio equipment. The loan was secured by a floating charge over the company's assets. In February 2008, a gas explosion resulted in Cassandra receiving severe burn injuries to her face, arms, hands and legs; the studio was also extensively damaged in the blast. Cassandra's insurance policy on the building and contents was taken out in her name in March 2004.

In May 2008, although has company was operating with modest financial success, Cassandra decided that, in view of her long-term injuries, she would seek early retirement and dissolve Picture This Ltd.

Advise Cassandra on the following:

a) Her right to claim under her insurance policy for the fire damage to the studio;

b) Her right to claim as a secured creditor in respect of her floating charge; and

c) Her claim against Picture This Ltd for compensation for her injuries.

I'm confused on whether Cassandra can claim for the fire damage to the studio as the insurance policy was taken out in HER name in 2004 but in 2006 she transferred all assets and the leased studio to the company. Does this mean her company can claim and not Cassandra or as shes the sole shareholder can she claim?

Homework Help/Study Tips, Others

  • Category:- Homework Help/Study Tips
  • Reference No.:- M935496

Have any Question? 


Related Questions in Homework Help/Study Tips

Jacob a 13-year-old male is caught shoplifting a hoodie at

Jacob, a 13-year-old male, is caught shoplifting a hoodie at a local department store. Security detained Jacob and called the police. Jacob was then interviewed at the local police station. His parents were called and at ...

Module- website anthropology essaysdescribe the life and

Module- Website anthropology Essays Describe the life and work of Jane Goodall in an essay. Be sure in the essay to describe her work, her method of study, and to include her contribution to the field of cultural anthrop ...

Students will be assessed on the following learning

Students will be assessed on the following learning outcomes: 1. Understand the process of Critical Reasoning and employ that understanding in the support of the student's personal development as a learner 2. Be able to ...

Essay questions -how did colonizers mapping affect the arab

Essay Questions - How did colonizers mapping affect the Arab world? And how did the Arab nation-state act on this mapping and respond to the major effects of colonization? Discuss through showing critical engagement with ...

Discussionbulllook over the notes posted in canvas fast

DISCUSSION • Look over the notes posted in Canvas: Fast Food • Watch the following videos (if the links that I provide do not work, search for the videos by their title. I'm positive these videos are available, even if t ...

This written assignment is comprised of addressing two

This written assignment is comprised of addressing two specific topics related to homeland security. For each topic, the student is expected to develop a 3 page essay that provides the following information:  Topic 1: Wh ...

Case study 1questions1 in establishing a constructive

Case Study :1 Questions 1. In establishing a constructive climate for his or her class. what kind of structure has each profes-sor put in place ? 2. Hon mulct you describe the group nouns for each class? 3. What actors h ...

Prepare a 2-slide microsoft powerpoint presentation with

Prepare a 2-slide Microsoft PowerPoint presentation with speaker notes containing at least 50 words including the following: Describe the advantages and disadvantages of classifying abnormal behavior using a diagnostic s ...

Develop a teaching plan based on the teaching intervention

Develop a teaching plan based on the teaching intervention from your evolving concept map. You must provide at least 3 teaching objectives. Make sure you address the patient's learning style and cultural considerations. ...

1 discuss how parmenides determines via logos not mythos

1) Discuss how Parmenides determines, via logos, not mythos, that Being is the only reality. According to Melissos of Samos (and Sextus Empiricus), what are the four corollaries that follow from Parmenides's result? Demo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen