1. Briefly describe the essential facts of this case. [3 marks] 2. What arguments did the defendant make to support its claim that there was no binding contract? [3 marks] 3. What was the ultimate outcome in this case? [3 marks] 4. Which of the assumptions in s 129 of the Corporations Act were relevant, and why? [6 marks] 5. How did s 128 of the Corporations Act impact on the entitlement of the plaintiff to make assumptions under s 129, and issues raised by the defendant in these proceedings? [5 marks] 6. Do you agree with the determinations of the Court on the issues arising in this case? What must your clients be aware of as a result of this decision? [4 marks]