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Hope Pty Ltd is the trustee of Jones Family Trust. The trust property is worth $500,000. Hope Pty Ltd runs an internet caf on behalf
Hope Pty Ltd is the trustee of Jones Family Trust. The trust property is worth $500,000. Hope Pty Ltd runs an internet caf on behalf of the trust. The trust deed notes that the trustee can only enter into contracts in relation to running the internet caf. However, Hope Pty Ltd, on behalf of the trust, entered into several transactions worth $200,000. These transactions were in relation to building a railway in India. Hope Pty Ltd pays the $200,000.
Advise Hope Pty Ltd on its right of indemnification from the trust property.
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