under the name Loxana Sales, and placed an order for 2,000 of the medallions, which he intended to sell at $20 each. a) Since Will came across the medallion on a personal holiday, is he under any obligation to tell his partners about it? What would be the result if Will did have a duty to his partners concerning this item ? Corporations P416 Q3 Brown Corp . Inc. manufactures bricks . It owns all the shares in White Corp . Inc ., which is the sales arm of the business. The members of the board of directors of White Corp. Inc. are all officers of Brown Corp. Inc. A salesmen on the staff of White Corp. Inc. negligently told Systems Inc. that a certain type of cement block was suitable for a retaining wall. It wasn't, and the wall collapsed, damaging expensive machinery. Systems Inc. learns White Corp. Inc. has no assets. Any profits are sent to Brown Corp. Inc. im mediately by the way of dividends. a) Diagram the corporate structure and the contract involved. Will Systems Inc. be successful in claiming its loss against Brown Corp. lnc.? b) If the statements by the sales representative of White Corp. Inc. had been fraudulent, would that make any difference? P416 Q7 Vera Marques, a single mother with three children, signs an agreement to buy May Ling's house. Relying on this agreement, Ling purchases a new house for herself. Marques must sell her own home to complete this purchase. She sells it to Madison Construction Limited, which is a small one-man company. The sole shareholder, officer, and director is Rick Madison .The purchase agreements is signed "Madison Construction Ltd. PerzRick Madison , president." Marques has barely enough money to make ends meet , so she checks out Madison's record carefully and learns he has been successfully buying old homes and renovating them for resale for over 20 years. Unfortunately , before closing the deal , Madison has a heart attack and can't arrange financing. The series of agreements falls like a chain of dominoes: Ling can't close her deal; Marques can't close her deal. Ling sues Marques for her loss of $50,000, and Marques claims against Madison Ltd. And Rick Madison personally. Assume that Madison Ltd. has no assets; however, Rick Madison does have a considerable personal wealth