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Qb. L'ICIIU NL has a constitution that DUES not repeal any UT tne replaceable rules of the Corporations Act but does provide for one additional
Qb. L'ICIIU NL has a constitution that DUES not repeal any UT tne replaceable rules of the Corporations Act but does provide for one additional matter: An objects clause provides that \"the company's activities are restricted to the exploration and extraction of gold\". The directors of Gold NL have decided to operate a holiday resort near its gold mines in outback Australia and to that end Mark Reckless has entered into a contract with Caravan Pty Ltd for the purchase of ll) mobile homes for $lmillion in to provide accommodation for guests staying at the holiday resort. The other directors do not like the mobile homes manufactured by Caravan Pty Ltd and they refuse to accept delivery of the mobile homes on the grounds that: The company has no legal capacity to operate a holiday resort and that Caravan Pty Ltd would have known this limitation from its name. Advise Caravan Pty Ltd whether Gold NL can refuses to accept delivery of the mobile homes on the ground that it has no legal capacity to operate a holiday resort and that Caravan Pty Ltd would have known this limitation from its name. Answer your question in the space provided and it should not exceed 18-22 lines. You have approximately 20 minutes to answer this question. Refer to the relevant sections of the Corporations Act 2001 (Cth) where possible and also ouote relevant cases where possible
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