2a)(i) Is the business a partnership? Yes/No (explain)(ii) Should the business name be registered? Yes/No (Explain).(iii) Can Fiona and Donna validly decide to embark on the alcohol selling venturewithout Celine's consent? Fiona, Celine and Donna have recently commenced a business together makingcustard pies using the name 'FCD's Custard Pies' as their trading name. They alsosell coffee and soft drinks.Only Donna has put capital into the business, and no formal agreement existsbetween them. However, on many occasions Fiona has purchased stock for thebusiness from their various suppliers by using her own money, and she has also setup an account with the suppliers in the name of 'FCD's Custard Pies'. Celine alsohas often placed orders on behalf of the business with their various suppliers forstock.00:0At their next meeting Fiona suggests selling alcoholic beverages. Donna likes theidea, but Celine does not. Celine says that such a change would require renovationof the shop, and also obtaining a licence to sell alcohol. This requires an applicationto the relevant government authority, which may reject the application.After giving it lots of thought, Donna decides to leave the business in two monthsbut wants to make sure that she has no further obligations and commitments onceshe leaves the business.In six months, Celine decides to retire. Upon Celine's retirement, Lucy joins thebusiness (ie, "FCD's Custard Pies'). The business is later sued for defaulting on aloan payment, and both Celine's and Lucy's names are added to the action againstthe business.Please answer the following questions, and support your answers by the relevantauthorities (ie, case law and legislation):

The introduction of alcohol into a business, such as 'FCD's Custard Pies', requires careful…

Answered: 2a) (i) Is the business a partnership?…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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2a) (i) Is the business a partnership? Yes/No (explain) (ii) Should the business name be registered? Yes/No (Explain). (iii) Can Fiona and Donna validly decide to embark on the alcohol selling venture without Celine's consent?