Question 8 (5 marks) Katy Windsor is the sole director of Windsor Ltd., a manufacturing company owned equally by Katy and her brother, Jack Windsor. Windsor Ltd. was experiencing significant financial difficulties due to a downturn in the economy, and was close to declaring bankruptcy. Five years ago, Katy had provided a $10,000 unsecured loan to Windsor Ltd., and Jack provided a personal guarantee on a bank loan for $10,000. Fearing bankruptcy was imminent, Katy directed Windsor Lid.'s management to repay her loan, a request that was complied with, despite the fact that Windsor Ltd. did NOT have enough reserved funds to pay off its debts. One month later, Windsor Ltd. was NOT able to make a required payment on the bank loan guaranteed by Jack. Required: a) Explain what legal options are available to the parties with respect to Windsor Ltd.'s missed loan payment and explain what duty Katy, as a director, owes to the parties. (4 marks) b) Explain the significance of the personal guarantee provided by Jack. (1 mark)Question 9 (5.5 marks) Perry Purell owns a service organization that provides cleaning and organizational services to individuals and businesses. Recently, Perry has noticed an increase in the number of complaints he has received from customers over the depth of cleaning and time spent perjob. Perry suspects that some of the employees have been taking extra breaks. and therefore NOT spending the required amount of time cleaning and organizing. Perry is thinking he may have to terminate some employees who he suspects have been taking breaks rather than working. Required: Explain how Perry might terminate employees. and discuss the notice to which employees may be entitled. (5.5 marks)