Carlos is 17 years old and buys a set of woodworking equipment from Brownings Hardware for the carpentry apprenticeship that he is intending to commence after he finishes year 10. He is set to finish year 10 in four months. The equipment has been delivered to him but he has not yet paid for them.

While still studying in school, he is introduced to online share trading through Darren, the father of one of his classmates. Darren introduces Carlos to his own stockbroker, who sets up Carlos with a trading account.

Acting on a hot tip from Darren, Carlos buys some shares in two promising Australian companies Hammers Galore Pty Ltd ("Hammers") and Mowers Express Pty Ltd ("Mowers"). Within a week, Carlos quickly triples the money he invested in Hammers and instructs his broker to sell all his shares in that company. But four weeks after buying shares in Mowers, the company is placed in compulsory administration. As Carlos has not yet fully paid for the amount promised on the Mowers shares, the administrator sues Carlos to collect the money that the latter owes on the shares.

Carlos doesn't continue on to do his carpentry apprenticeship and wants to find a job as a stockbroker instead.

Answer the following:

Advise Carlos as to the following:

a)Is he bound by the contract to buy the wood working equipment from Brownings' Hardware?

b)Can he legally enforce the contract to obtain the profit from the sale of his Hammer shares?

c)Will the Mowers' administrator succeed in suing Carlos to collect the money owed on the Mowers shares?

NOTE - Please provide citations and references.