(a) If, six months after the above agreements are entered into, Transpire Ltd was unable to make the payments required under the above agreements, would Kay or Mac be personally liable to:
i) the landlord (Ivan)
ii) the bank (Sandgroper) or
iii) the supplier (HIIT Co)?
Provide reasons for your answer. (You must consider all 3 above)
(6 marks) Maximum 400 words
(b) How would your answer to (a) differ if Kay and Mac carried on the business as partners, and each of the agreements had been entered into by them as partners? You may assume that it satisfies the definition of a partnership under the Partnership Law Act2019.
(4 marks) Maximum 260 words
(c) Describe the legal rights HIIT Co has in respect of the computers sold to Transpire?
(2 marks) Maximum 140 words
(d) Explain how HIIT could have secured their legal rights to the computers in the event Transpire defaulted on payment?