3UP 1: sy has recently developed a software program tailored for the upscale coffee p industry. Daisy has begun marketing her program and has had some success ing to small independent stores. She is now ready to begin marketing to ichisees of the national chains, with the hope that a franchisor might make the tware part of its required franchisee package. Daisy wants to keep the iness separate from her personal affairs, so she has set up separate checking ounts, separate phone lines, and has set up a ctitious business name that Is not use her name. She has filed a fictitious business name statement in the Iropriate state office. She has written a will in which she has declared that in event of her death, her business and personal assets and liabilities are to be t separate, just as they were during her life. Discuss the extent to which Daisy insulated her personal assets from any business losses under UK Law. Could . answer be different if applying VN Law into? 3UP 2: Betty is considering forming a business in Bristol (UK). She is thinking about a business that would rent in-line skates to customers and transport them to the top of Mount Cliffs. The road up Mount Cliffs is the highest paved road in the UK and reaches just over 14,000 feet above sea level. Customers could skate from the top at 14,000 feet to a point in a nearby town at about 8,000 feet above sea level. The customers would skate about 35 miles, nearly all of which is downhill. Betty is considering whether or not she should form a :ompany to operate this business. What are the advantages and disadvantages 3f forming a corporation? Is there any way she could avoid or compensate for any of the disadvantages? Would your answer be different if Vietnamese Law applies? if is a limited liability company established under the Company Law 2005 of the PRC with 11 shareholders. The company is going to elect the board of