Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gerard and Sylvia love cakes and have recently decided to buy a cake shop from George. Gerard and Sylvia register a company Cakes Pty Ltd

Gerard and Sylvia love cakes and have recently decided to buy a cake shop from George. Gerard and Sylvia register a company "Cakes Pty Ltd" with the Australian Securities and Investments Commission. Gerard is listed as a Director and his mum, Sarita, is listed as the company secretary. On the day of signing the contract to buy the cake shop from George, Gerard stamps the contract with the Cakes Pty Ltd company seal and signs as a witness. The other witness is Sylvia. A few days pass and George thinks he should have not sold his cake shop. He now wants it back. Is George bound by the contract? Provide reasons for your answer. You must cite relevant Australian case law and the Corporations Act 2001 (Cth). Do not discuss contract law

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Criminal Law

Authors: William Wilson

7th Edition

1292286741, 978-1292286747

More Books

Students also viewed these Law questions