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Please answering the question by referring to relevant Australian law and authorities. Question 10 (6 points) Question 3 i. Daniel obtained an overdraft facility from

Please answering the question by referring to relevant Australian law and authorities.

Question 10 (6 points) Question 3 i. Daniel obtained an overdraft facility from ABX Bank which was secured by a personal guarantor, Kim. Daniel did not pay back to the bank as per the terms of the agreement. Then ABX Bank sued Daniel and his guarantor, Kim. Daniel and Kim argued that the Bank did not make a demand for the amount due under the overdraft facilitv.

Discuss the validity of Daniel's and Kim's argument using relevant case law.

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