Steve runs a car hire business. Steve is a sole trader – his business is not a corporation. He tells you about the following events:Steve’s friend Tom runs a trucking company. Tom phones Steve and says ‘I need to hire a truck capable of carrying 10 tons of cargo

| August 14, 2017

Steve runs a car hire business. Steve is a sole trader – his business is not a corporation. He tells you about the following events:Steve’s friend Tom runs a trucking company. Tom phones Steve and says ‘I need to hire a truck capable of carrying 10 tons of cargo’. Without checking the specifications of the vehicles he has available, Steve says ‘I have just the thing for you – a Hino Cargo Master – it can carry 12 tonnes’. Tom agrees to hire the truck at $ 200 per da …

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