Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

story v advance bank aussie ltd case Here we got a company fleetwood stary pty ltd owned by the couple, story. The company owned the

story v advance bank aussie ltd case Here we got a company fleetwood stary pty ltd owned by the couple, story. The company owned the houses that the people live in. The wife is passive director in the company. The husband is a real dealer, he has got other business. He come out and mixes up the account of his other companies to those with fleetwood star. He forge his wife signature. She has no issue with that. She say he does that all the time. She complained only after they got divorced. What we see is one of the situation were there is complete mix of the interest of diff companies and diff players in it. He forged the signature on a mortgage over the property. Obviously the internal rules were not followed. He forge the signature and she said he did that all the time. I had no prob. The prob ws also the money was used going into the house as far as the bank was concerned and those business being run within the overall umbrella of the house. She argued on behalf of the company that the bank was put into enquiry. You should have known. If you look at northside development it is the type of precedent should have alerted you

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

Andersons Business Law and the Legal Environment

Authors: David p. twomey, Marianne moody Jennings

21st Edition

1111400547, 324786662, 978-1111400545, 978-0324786668

More Books

Students also viewed these Law questions