Subject: HI6027 BUSINESS AND CORPORATE LAW

Question 3(11 marks)

Miguel, a 16-year old mechanic's apprentice, borrowed $3,000 from his next door neighbour, Jono, by telling him that he was 20 years old and had a good, stable income. The loan was payable in three equal fortnightly payments. After the first payment, Miguel stopped paying Jono. Jono wanted to bring a legal action against Miguel but when he discovered his real age, he decided instead to initiate an action in tort for deceit against the latter.

Will Jono likely be successful in his action in tort for deceit against Miguel? Explain your answer.

Important Note: If you use any material, book, journal or case study etc. then, Reference sources must be cited in the text of the question and listed appropriately at the end in a reference list, Please provide all references in Adapted Harvard Referencing style.