Lennie bought pressure-treated lumber from GoodWood Building Ltd. (GoodWood) last May. Lennie used the wood to build a deck. By the fall he found that the wood was starting to rot. When Lennie tried to contact GoodWood, he discovered their store had closed and the company was insolvent. Lennie located the salesman who sold him the wood, who agreed the wood was defective. He told Lennie the wood was imported from Thailand, so a lawsuit against the manufacturer would be difficult. He suggested that Lennie bring an action against the directors and shareholders of GoodWood. The shareholders and directors are Jim, Tim, and Tom. What are Lennie's chances of success against the shareholders and directors? Does your answer change if GoodWood is an unincorporated business in which Tim, Jim, and Tom are the owners and managers? What are Lennie's chances of success against them in this circumstance?

Please answer from Business Law perspective.