Wilona was married to Wilbur for 40 years. She was devastated when he passed away. She had been very reliant on him and left all their business matters to him. She had always been a religious person and turned to her faith for solace.
She was visited by her local priest, Father Devout. She talked about her situation with him and concluded that she should sell her matrimonial home and move into a small unit. Father Devout was himself looking for a new home after the church had informed him that it would be selling the bungalow adjacent to the church building in which he currently lived as a cost- cutting exercise. He mentioned this fact in passing and Wilona insisted that she sell her house to him. When he asked how much she would want for the property, she said she had no idea of its worth. However, she had heard a neighbour say that a house in the street had sold for about $200,000, but, because she knew that her house would go to someone deserving, she would sell it to him for $100,000. This was in fact half its true value. She wouldn’t take no for an answer and Father Devout knew her to be someone who would obstinately insist on something once her mind was made up.
Wilona needed a bridging loan to purchase her unit. She does not trust banks and instead approached Sly, a fellow parishioner. Sly was a wealthy businessman, who told her he would give her the necessary funds if she signed a receipt for it so he ‘would have something to show the taxman’. In fact, the “receipt” was a basically-worded loan document, which provided that she was liable for interest at twice the rate that she could have obtained from a bank. Wilona signed the document without reading it because she thought Sly, as a fellow churchgoer, was “a good man”.
Wilona’s son and daughter have just flown in from their respective homes overseas and discovered what Wilona has been doing. They seek your advice on whether she can undo what she has done.
Advise Wilona’s children, discussing all available grounds for relief under Australian contract law.

Answers

Answer 1

Answer:whats the question

Explanation:

Answer 2

Answer:

A party is bound by the terms of a contract once it is signed whether or not the party has read or understood the terms in a contract (L'Estrange Rule). However, a signature is not binding where it was obtained by a fraud or misrepresentation, or where document was not known to be a contract by the party signing it (absence of "Intent".).

In the given case, there is a misrepresentation by Sly as a loan document was presented to Wilona as a tax receipt. Therefore, Wilona could repudiate the terms mentioned in the document.

Explanation:

A party is bound by the terms of a contract once it is signed whether or not the party has read or understood the terms in a contract (L'Estrange Rule). However, a signature is not binding where it was obtained by a fraud or misrepresentation, or where document was not known to be a contract by the party signing it (absence of "Intent".).

In the given case, there is a misrepresentation by Sly as a loan document was presented to Wilona as a tax receipt. Therefore, Wilona could repudiate the terms mentioned in the document.


Related Questions

The statement below is from a jury's decision in a court case.

"We, the jury, rule in favor of Mrs. Garcia, and order Mr. Wakefield to pay the sum of twenty thousand dollars, plus attorney fees and court costs.."

Based on the statement above, what type of case has the jury decided?



A. civil


B. criminal


C. military


D. statutory

Answers

Answer:

The answer is A

Explanation:

The kind of case that the jury has decided would be:

A). Civil

What are the types of cases?

The courts deal with a number of cases which include:

Civil CasesFamily CasesCriminal cases

As per the details provided, the given case would be characterized as a Civil Case as it is concerned with the conflicts that exist between Mrs. Garcia and Mr. Wakefield.

The decision of the court would aim to resolve this and hence, it exemplifies a civil case.

Thus, option A is the correct answer.

Learn more about "Jury" here:

brainly.com/question/20407684

The legally defined area over which an agency has control is known as which of
the following?

Answers

Answer:

go too Agency Law Flashcards Quizlet it will really help you i used it and brainly but this will help you out thank me later

Explanation:

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