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Question 1 509a {1000 words] Cyral and Amira are cousins. Amira is a software engineer and Cyral is in construction management. They have shared a

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Question 1 509a {1000 words] Cyral and Amira are cousins. Amira is a software engineer and Cyral is in construction management. They have shared a passion for getting involved in innovative projects. In 2021r Amira approached Cyral with an idea for a new type of 3D printer for housing construction that would use an embedded Al algorithm that Amira claimed had the potential to transform the way housing could be designed and built on site with huge cost savings in materials and labour. Amira said she thought the product would have huge application in addressing the supply of affordable housing in Australia with opportunities for government contracts to supply affordable housing dwellings. Cyral told Amira he liked the idea and its potential while secretly considering the wider prot implications of the devioe. Cyral told Amira, 'Well, like in the past you will bring your engineering skills and Icnonhow and I will bring my business acumen and experienoe and we can both contribute some upfront capital.' Amira said despite their history of underta king projects together and trusting ead'i other due to their fa mi ly connection, she thinks that their joint venture on this project should be underpinned by an agreement. An agreement is drafted by Amira's solicitor and contains the following clauses: Clause 1 Th e parties agree to s plit the gross prot 50,50. Clause 2 The parties commit to mutual obligations a nd duties to each other in undertaking the project. Clause 3 A ioint bank account will be established, and the parties are permitted to withdraw funds from the account for project related activities. Amira and Lyral both contributed $50,000 dedicated startup funding into the joint bank account with Trust bank. In late 2021 Amira withdrew 520,000 to purchase initial hardware and software for development on the new Ell-printer. By June 2022, Amira had spent 6 months working evenings and most weekends on the 3D printer and had even taken annual leave from her engineering rm to work on the project. In November 2022 Cyral experienced some cash flow difficulties in his business and emailed Amira that he needs to withdraw $10,004] to pay out a pressing debt. Actually, he needs the moneyto make the last payment on a kitchen renovation for his apartment which was oompleted last month. Cyral doesn't hear back from Amira but as she is usually slow to reply to emails, he decides to go ahead and withdraw the money anyway from the joint account at Trust bank. By April 2023, Amira has developed a prototype of the 30-printer and file shared with (\\yral a short YouTuhe recording of the 3D-printer being tested. However, she forgets to change the settings to private before file sharing the recording and also did not mention a very minor glitch detected during the testing, After reviewing the video and realising the recording can be publicly shared, Cyral decides to upload it to his private compan'fs website {Property Futures Pty Ltd: to gauge customer interest. There is no reference to Amira's involvement in the 3D-printer on the Property Futures' website. By the end of the week, Property Futures Pty Ltd has signed up multiple buyers including the NSW Department of Housing with advance payments totalling $200,000. Last week Amira was checking the joint account at Trust bank and has discovered the withdrawal by Dyral and when watching 'I'ouTube last night she saw an advert for her 3D-printer from the Property 4 Futu res\" website. She is very angry and upset and wants to take action to recover what she believes she is entitled to. Required Advise Arnira of her equitable rights and any equitable remedies she may have against Cyral, and or Property Futures Pty Ltd arising from the events. In providing your advice to Amira you are required to support your discussion with appropriate caselaw authority or legislation that you have studied

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