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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

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:-

  1. When a client engages Ben's business who will be the parties tothe contract?
  2. When a client engages Benita's business who will be the partiesto the contract?
  3. 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?
  4. 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?
  5. Ben has decided to cease trading and bring the business to an end. What must he do to achieve this?
  6. Benita has decided to cease trading and bring the business to an end. What must she do to achieve this?

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