Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Fitzwood Pty Ltd (ACN 005 180 163) v Unique Goal Pty Ltd (In Liq) (ACN 064 926 843) [2002] FCAFC 285
TRUSTS – trustee – power of sale exercised for improper purpose – indemnity of trustee – whether trustee acted in good faith CONTRACT – interpretation – ambiguity – intention of the parties – rectification – whether binding agreement to pay management fee on certain basis – whether oral agreement – physical exchange of contracts - whether contract completed EQUITY – estoppel – reliance - detriment PRACTICE AND PROCEDURE – whether primary Judge erred in refusing leave, after hearing finished, to permit appellant to sue the trustee and manager for breach of contract – reasonable opportunity for litigant to present its case
Armitage v Nurse [1998] Ch 241 cited University of Wollongong v Metwally (No 2) (1985) 59 ALJR 481 referred to UTSA Pty Ltd (in liq) v Ultra Tune Australia Pty Ltd (1996) 21 ACSR 457 cited Ashmore v Corporation of Lloyd's [1992] 1 WLR 446 cited Gerlach v Clifton Bricks Pty Ltd [2002] HCA 22 applied See JW Broomhead (Vic) Pty Ltd (in liq) v JW Broomhead Pty Ltd (1985) 9 ACLR 593 cited Balkin v Peck (1998) 98 ATC 4,842 cited RWG Management Ltd v Commissioner for Corporate Affairs [1985] VR 385 cited Secured Income Real Estate (Australia) Ltd v St Martins Investments Pty Ltd (1979) 144 CLR 596 cited Commissioner of Stamp Duties (NSW) v Carlenka Pty Ltd (1995) 41 NSWLR 329 cited Victoria Garden Developments Pty Ltd v Commissioner of State Revenue (Vic) (1999) 99 ATC 4683 cited Redgrave v Hurd (1881) 20 Ch D 1 cited
FITZWOOD PTY LTD (ACN 005 180 163) AND MAPEKA PTY LTD
(ACN 005 037 088) AND MAPWOOD PTY LTD (ACN 090 880 318)
v UNIQUE GOAL PTY LTD (In Liquidation) (ACN 064 926 843) AND BRIAROAKS PTY LTD (ACN 007 055 745) AND MICHAEL DRAPAC VG 54 of 2002 LEE, HILL AND DRUMMOND JJ 14 NOVEMBER 2002 MELBOURNE
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