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The owner of Paperworx Pty Ltd decides to sell the stationery business. he advertises the business for sale by saying the business has good prospects
The owner of Paperworx Pty Ltd decides to sell the stationery business. he advertises the business for sale by saying the business has good prospects and great profit margins. Leo purchases the business in reliance on the advertisement and unaudited financial statements provided by the company. Leo soon realised that the information he relied upon had exaggerated the actual potentional of the business.
B. What remedies would be available for Leo if a breach of the ACL could be established?
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