19 Dec 2011
BBX FINANCIAL SOLUTIONS PTY LTD V WALLACE COA CA850/2010
- Citation
- COA CA850/2010
- Court
- Court of Appeal
Court held the signed application and repeated voucher acknowledgements incorporated the BBX Rules; Ad-A-Cab contracted with both the Australian exchange company and the management company (the latter acting as agent for the exchange company); Wallace gave a continuing guarantee of member liabilities to those entities which was not limited to the initial credit limit or to BBX dollars; BBX's computerised transaction history proved the debit balance and the High Court judgment was set aside and the District Court judgment restored.