Jane Pty Ltd is the trustee of Moore Family Trust. The trustproperty is worth $450,000. Jane Pty Ltd runs a cafe on behalf ofthe trust. The trust deed notes that the trustee can only enterinto contracts in relation to running the cafe. However, Jane PtyLtd, on behalf of the trust, entered into several transactionsworth $150,000. These transactions were in relation to building arailway in Sweden. Jane Pty Ltd pays the $150,000.
Advise Jane Pty Ltd on its right of indemnification fromthe trust property.
