PR 12. Case Study: Partnership versus Joint Venture. BuildPro Pty Ltd, a building company, and Money Grabbers Pty Ltd, a financial company, join forces to build a desalination plant for the State Government. Money Grabbers raises the funds needed by BuildPro to complete the project. Unfortunately, BuildPro makes a mistake with a major part of the construction and the work needs to be done again. BuildPro argue that Money Grabbers should have to help to pay for the mistake because they had a 'partnership'. Money Grabbers, however, argue that they should not be liable for BuildPro's mistake because what they actually had was a 'joint venture'. Which do you think is correct? In order to answer this case study, you are required to: Collect and collate the client's information in order to identify the clients circumstances relevant to applicable consumer law matters, Research the current laws to identify the applicable legal principles relevant to the clients Analyse the legal issues and risks associated for these clients' businesses, Seek advice and guidance of a legal specialist if required Ensure you apply this knowledge and advice when explaining your answer.

12.1 Explain what client information you would collect and collate given the circumstances.

12.2 Explain which laws you identified as applicable given the specific client's situation.

12.3 Explain how you analysed the legal issues and potential risks faced by the client's business?

12.4 What is your advice to the clients? Place an X in the appropriate boxes below, to identity whether this is a Partnership or a Joint Venture:

Partnership: Yes No

Joint Venture: Yes No