Soyfer & Anor. v. Earlmaze & Ors. [2000] NSWSC 1068

New South Wales Supreme Court

CITATION : Soyfer & Anor. v. Earlmaze & Ors. [2000] NSWSC 1068 revised - 24/11/2000 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 2818/00 HEARING DATE(S) : 25 and 26 October 2000 JUDGMENT DATE : 22 November 2000

Ilya Soyfer and Stella Soyfer - plaintiffs Earlmaze Pty. Limited - 1st defendant & cross claimant PARTIES : Robert Matar - 2nd defendant & 1st cross defendant Simon Elcham - 2nd cross defendant Ratam and Mahcle Holdings Pty. Ltd. - 3rd cross defendant JUDGMENT OF : Hodgson CJinEq

F. Gleeson for plaintiffs COUNSEL : T. Alexis with C. Champion for 1st defendant 2nd defendant excused from hearing Greaves Wannan & Williams, Sydney for plaintiffs SOLICITORS : Hazan Hollander, Sydney for 1st defendant Kosmin & Associates, Double Bay for 2nd defendant CATCHWORDS : CONTRACTS - Consideration - Ratification - Variation of unauthorised contract - Whether intention to give effect to unauthorised contract manifested - CONTRACTS - Options - Exercise - Whether immaterial failure to comply with condition fatal - CORPORATIONS - Management and administration - Directors - Indoor management rule - Person "having dealings with a company" - Statutory assumptions - Company seal accompanied by illegible signatures above words "Director" and "Secretary" - Whether company bound. LEGISLATION CITED : Corporations Law ss.126-130 Story v. Advance Bank Australia Ltd. (1993) 31 NSWLR 722. Lyford v. Media Portfolio Ltd. (1989) 7 ACLC 271 Wigan v. Edwards (1973) 47 ALJR 586 CASES CITED : Himbleton Pty. Ltd. v. Kumagai NSW Pty. Ltd. (1991) 29 NSWLR 44 Gilbert J. McCaul Australia Pty. Ltd. v. Pitt Club Ltd. (1959) SR(NSW) 122. Harrison v. Battye (1975) 1 WLR 58 Quadling v. Robinson (1976) 137 CLR 192 Domb v. Isoz (1980) Ch. 548 DECISION : See end of judgment