Ann is a very experienced merchandiser in sourcing good-quality garments from suppliers around the globe. She knows her experience will be very useful if she is going to set up her own business, but she also knows that the high rentals in Hong Kong will squeeze out good profit margins. Her friend, Benny, has been working for a global online sales platform for years. Ann has decided to partner with Benny to open an online fashion store. They have decided to incorporate a company in Hong Kong as the vehicle to carry on the proposed business, known as Style Ltd (‘the Company’). Benny is busy with his own job and therefore much of the work in setting up the Company was handled by Ann. A month before the company was incorporated, a supplier from Tokyo offered to sell certain garments to Ann at a low price. Ann found the offer too attractive to resist. Without letting Benny know, she signed the contract with the supplier in the name of Style Ltd’. Later, Benny discovered that the type of garments ordered by Ann could be sourced from Seoul at a much lower price. Ann and Benny had a heated argument on whether Ann or the Company should be liable for the wrongs made in the contract. Show transcribed image text Ann is a very experienced merchandiser in sourcing good-quality garments from suppliers around the globe. She knows her experience will be very useful if she is going to set up her own business, but she also knows that the high rentals in Hong Kong will squeeze out good profit margins. Her friend, Benny, has been working for a global online sales platform for years. Ann has decided to partner with Benny to open an online fashion store. They have decided to incorporate a company in Hong Kong as the vehicle to carry on the proposed business, known as Style Ltd (‘the Company’). Benny is busy with his own job and therefore much of the work in setting up the Company was handled by Ann. A month before the company was incorporated, a supplier from Tokyo offered to sell certain garments to Ann at a low price. Ann found the offer too attractive to resist. Without letting Benny know, she signed the contract with the supplier in the name of Style Ltd’. Later, Benny discovered that the type of garments ordered by Ann could be sourced from Seoul at a much lower price. Ann and Benny had a heated argument on whether Ann or the Company should be liable for the wrongs made in the contract.
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