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(a) Nhidza and Mujere are the sole shareholders and directors ofClearwaters (Pvt) Ltd, a company duly registered and trading in terms of the laws of Zimbabwe. The company’s object clause empowers it to construct swimming pools and to sell equipment, chemicals and other consumables used in the maintenance of swimming pools. The two entered into a contract withDiamondBank Ltd involving the granting of a loan facility.As a result of the said contractDiamondBank Ltd brought legal proceedings against them in their individual capacities for failure to service the loan. Nhidza and Mujere wish to know whether they are personally liable for the debts incurred byClearwaters (Pvt) Ltd to the bank.Required:In relation to company law, advise the two directors on the issue of personal liability towardsDiamondBank Lt

D、(5 marks)
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