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CCS Pty Ltd is registered with Mira and Aaron as its directors. CCS Pty Ltd hasissued five shares, with the following persons owning one each: Mira, Aaron, Ryan(Mira's son), Janice (Aaron's daughter) and Marilyn (Aaron's friend). CS Pty Ltdoperates a business that manutactures and sells widgetsFor each of the following developments, explain whether the shareholders and/ordirectors would be personally liable to the landlord, NAB Bank, Janice or AcmeComputers Pty Ltd.(d)CCS Pty Ltd enters into a lease for new premises where the business is to beheadquartered.CCS Pty Ltd borrows $100 000 from NAB Bank on an unsecured basis. Mirapersonally guarantees the repayment of the loan.CCS Pty Ltd purchases a block of land from Janice for $500 000 to build anew warehouse. CCS Pty Ltd grants Janice a mortgage over the land equal tothe $500 000 purchase price.CCS Pty Ltd purchases several computers from Acme Computers Pty Ltd.One third of the purchase price is paid on delivery and the balance is payablein equal monthly instalments.

CCS Pty Ltd is registered with Mira and Aaron as its directors. CCS Pty Ltd hasissued five shares, with the following persons owning one each: Mira, Aaron, Ryan(Mira's son), Janice (Aaron's daughter) and Marilyn (Aaron's friend). CS Pty Ltdoperates a business that manutactures and sells widgetsFor each of the following developments, explain whether the shareholders and/ordirectors would be personally liable to the landlord, NAB Bank, Janice or AcmeComputers Pty Ltd.(d)CCS Pty Ltd enters into a lease for new premises where the business is to beheadquartered.CCS Pty Ltd borrows $100 000 from NAB Bank on an unsecured basis. Mirapersonally guarantees the repayment of the loan.CCS Pty Ltd purchases a block of land from Janice for $500 000 to build anew warehouse. CCS Pty Ltd grants Janice a mortgage over the land equal tothe $500 000 purchase price.CCS Pty Ltd purchases several computers from Acme Computers Pty Ltd.One third of the purchase price is paid on delivery and the balance is payablein equal monthly instalments.

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CCS Pty Ltd is registered with Mira and Aaron as its directors. CCS Pty Ltd has
issued five shares, with the following persons owning one each: Mira, Aaron, Ryan
(Mira's son), Janice (Aaron's daughter) and Marilyn (Aaron's friend). CS Pty Ltd
operates a business that manutactures and sells widgets
For each of the following developments, explain whether the shareholders and/or
directors would be personally liable to the landlord, NAB Bank, Janice or Acme
Computers Pty Ltd.
(d)
CCS Pty Ltd enters into a lease for new premises where the business is to be
headquartered.
CCS Pty Ltd borrows $100 000 from NAB Bank on an unsecured basis. Mira
personally guarantees the repayment of the loan.
CCS Pty Ltd purchases a block of land from Janice for $500 000 to build a
new warehouse. CCS Pty Ltd grants Janice a mortgage over the land equal to
the $500 000 purchase price.
CCS Pty Ltd purchases several computers from Acme Computers Pty Ltd.
One third of the purchase price is paid on delivery and the balance is payable
in equal monthly instalments.

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