You must answer following using the IRAC method. All answers must be supported by relevant...
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You must answer following using the IRAC method. All answers must be supported by relevant provisions of the Corporation Act 2001 (Cth) and case law. Note: Answers not supported by appropriate case references will not receive marks. Question 7 (10 marks) (maximum 200 words) Premium Plumbing Pty Ltd (Premium) required further capital for expansion and borrowed $200,000 from Eastpac Bank Ltd (Eastpac). After a time, an unpredictable misfortune occurred causing Premium to suffer a large loss. It immediately advised Eastpac and stopped trading. Premium is unable to meet the repayments due on its bank loan and has few assets. Eastpac is considering ways to recover its money Would Eastpac Bank Ltd be successful in enforcing its claim against any of
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