Bill and Benita are competitors who both operate businesses providing book keeping services for building contractors. Bill
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Question:
Bill and Benita are competitors who both operate businesses providing book keeping services for building contractors. Bill is a sole trader and Benita has registered her business as a single member/single director proprietary limited company. Answer each of the following questions in relation to each business giving reasons for your answers:-
- When a client engages Ben's business who will be the parties tothe contract?
- When a client engages Benita's business who will be the partiesto the contract?
- In the course of fulfilling a contract , Ben makes serious errors resulting in a loss to the client of $20,000. Who is liable for the loss?
- In the course of fulfilling a contract , Benita makes serious errors resulting in a loss to the client of $20,000. Who is liable for the loss?
- Ben has decided to cease trading and bring the business to an end. What must he do to achieve this?
- Benita has decided to cease trading and bring the business to an end. What must she do to achieve this?
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