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

Assignmenti have created an outline that you need to follow

Assignment I have created an outline that you need to follow for the paper. The structure of the paper is: • Introduction • body • conclusion, • Valid references. SCHOLARLY PROJECT OUTLINE Title: Future of Healthcare Lev ...

Procurement policy of toyotatoyota industries corporation

Procurement Policy of Toyota Toyota Industries Corporation is involved in a wide range of business fields from textile machinery to automotive related fields such as engines, car air-compressors, and vehicles, to materia ...

Social class can be divided in several ways after reading

Social class can be divided in several ways. After reading Chapter 8 and discovering more about the USA social class divisions. Write a 500 or more word essay answering the following questions. You should use the book as ...

Term paper the rookie chief information security

Term Paper: The Rookie Chief Information Security Officer This assignment consists of five parts: Part 1: Organization Chart Part 2: Request for Proposal (RFP) Plan Part 3: Physical Security Plan Part 4: Enterprise Infor ...

1 research the latest statistics on mentally ill offenders

1) Research the latest statistics on Mentally Ill Offenders in the U.S. at THIS LINK. In a narrative format of 500 or more words, outline the issues, problems and concerns pertaining to Mentally Ill Offenders in the Unit ...

Ceteris - discussionwhat should an i-o psychology

Ceteris - Discussion What should an I-O psychology consultant do at the conclusion of a consultation to ensure that changes are effectively implemented and result in success? Should the consultant serve in any leadership ...

Interactions of hazardous materials - unit iv article

Interactions Of Hazardous Materials - Unit IV Article Review Article Review For this assignment, you are required to read the article entitled "HazMat Emergencies: Decontamination and Victim Chain of Survival," by Gunder ...

Measurement and data collectiondata collection requires

Measurement and data Collection Data collection requires evaluators to consider a wide and diverse variety of data sources. These include both primary and secondary data sources. Data collection can significantly impact ...

Parenting styleaccording to clinical assistant professor

Parenting Style According to clinical assistant professor, Anita Gurian, there are four types of parenting styles: authoritarian, authoritative, permissive, and uninvolved. Parenting styles include the behaviors, actions ...

Knowledge and information managementare there areas in your

Knowledge and Information Management Are there areas in your practice that you believe should be more fully explored? The central aims of nursing informatics are to manage and communicate data, information, knowledge, an ...

  • 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