B G WORDS POWERED BY TINY QUESTION 2 10 points Save Answer Question 2 Marks: 20 Suggested time allocation: 36 Minutes At Cars Pty Lid is a wholesale distributor of cars and sole business is buying and selling cars to car dealerships. Sarah, John and Peter are three directors of the company and equal shareholders in the company. Sarah recently attended a car dealership conference in Brisbane. At the conference Sarah met with the directors of Cars4U Pty Lid and they discussed future expansion plans including selling motorbikes. Cars4U Pty Ltd advised Sarah they would be interested in entering a substantial service contract with A1 Cars Pty Lid and paying her a consulting fee to expand the business. Cars4u Pty Ltd told Sarah if the arrangement was successful they would pay 4 times the current value of the shares in A1 Cars Pty Lid, Sarah advised that A1 Cars would not have the capacity to take on the contract but put forward her family company Sarah's Pty Lid as a service provider who could deliver on the contract. When Sarah returned to Darwin she offered to buy John's and Peter's shares at 2 times their current market value. Once she acquired their shares she then sold them to the Cars4U Pty Lid for the agreed 4 times value John and Peter discovered what Sarah had done. Required Provide advice on A1 Cars Pty Ltd rights in Equity law against Sarah. (15 marks) Discuss whether Sarah has a fiduciary relationship with respect to John and Peter in acquiring their shares in A1 Cars Pty Lid (5 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial 10pt E v EVA & I X Q Q Q 5 0 = = = = = E xX 8 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit MacBook Pro