Try to answer each in five hundereds words Question 5 In Hospital Products Ltd v United States Surgical Corporation (1984) 156 CLR 41 the High Court of Australia considered the application of the fiduciary duty in various relationships. Required You are to explain what is the meaning of "fiduciary duty" and why it did not apply in the circumstances of the above case. You are also to provide two examples of circumstances when the fiduciary duty might arise and for whose benefit. You should give relevant legislative provisions and refer to illustrative cases in your answer to this question. Question 6 The law has taken a sympathetic approach to outsiders who have no knowledge of the internal workings of a business organisation. Required You are to explain what this statement means by reference to the internal management arrangements and constitutions of organisations such as partnerships and corporations. Your answer should make reference to relevant cases and legislation.