a) Carl and Paul are brothers who pooled their money and bought an antique Cadillac car, with an idea that people might want to hire it out for special events. They spent many months restoring it to its former glory. After hiring out the Cadillac for several months, they had made enough money to buy and restore a second antique car. Carl is now restoring the second car, while Paul manages the bookings for the Cadillac. Most of the money earned in this way is spent on restoration costs and the brothers divide what is left between them. Required: What business organisation are the brothers operating under? Explain your reasons. 5 marks

b) Boris is a director of Fine Wines Pty Ltd (known as 'FW'). Boris is also a director of a company Gourmet Wines Pty Ltd (known as 'GW') that competes with FW. Boris is the sole shareholder and director of GW. Boris has not informed the other directors of this fact. Oldi Supermarkets wish to take advantage of a change in consumer trends away from chardonnay wine towards sparkling rose wine. To this end, they have put out a tender for the supply of sparkling rose wine in all their stores. The directors of FW discuss their costings and put in a tender to supply Oldi at $50 per case. Rupert, a director of FW, does not pay much attention at this meeting, as he is furtively scrolling through his social media. Two days later, GW puts in their tender of a similar wine at $48 per case and won the tender. The board of FW became suspicious and investigated Rupert and Boris whereupon their activities came to light. Required Advise FW of any actions they can take against Boris and Rupert.