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PART B: Problem Question 30 marks. Question B1 Gonzo is a recently appointed director of U R Saved Pty Ltd, a corporation formed for the purposes of assisting businesses which have IT problems. He is one of 10 directors of that corporation. Upon his appointment as a director, Gonzo became concerned about the future financial profitability of the de decided that he should explore new opportunities for the company, in order to ensure its financial future. Gonzo approached several businesses which his company had already been dealing with in offering their IT services over the past few years. One of the companies Gonzo approached was Travel Services R Us Pty Ltd. This was a very profitable company which offered internet travel sales. U R Savas had previously provided IT services to Travel Services R Us. It appeared that Travel Services R Us w looking for new investors in order to expand the range of products it had been offering. After son consideration, Gonzo decided that this was a very risky and speculative venture and not suitable for UR Saved. But he did believe that this was an opportunity that he would like to take up, so he would have invested his own money in the project. Gonzo invested $100,000 and within six months of his investment he has made a profit of $1.5 million for himself. Required: Advise Gonzo of any duties that he may have breached as a director of U R Saved and of any civil or criminal penalties that may result. Answer: lyon Yes he did breach of duty as a director Question 9 What assumptions can a person make when dealing with a company