1. Ben agreed to sell his family's property to his golf buddy Lim. When Ben returned home and conveyed the news to his wife, Cheryl, she was furious with him for not consulting her first. She insisted that they incorporate a company with only both of them as the directors and sell the property to the newly incorporated company called BBCC Sdn. Bhd. Cheryl told Ben that when Lim approached him for the property, he can inform him that the property had been sold for a better price to BBCC Sdn. Bhd. a) Explain to Ben the principle of separate legal entity and lifting the veil of incorporation. b) Advise Lim regarding his chances of success if he still wishes to own Ben's Property.

1. Ben agreed to sell his family's property to his golf buddy Lim. When Ben returned home and conveyed the news to his wife, Cheryl, she was furious with him for not consulting her first. She insisted that they incorporate a company with only both of them as the directors and sell the property to the newly incorporated company called BBCC Sdn. Bhd. Cheryl told Ben that when Lim approached him for the property, he can inform him that the property had been sold for a better price to BBCC Sdn. Bhd. a) Explain to Ben the principle of separate legal entity and lifting the veil of incorporation. b) Advise Lim regarding his chances of success if he still wishes to own Ben's Property.