【Answers】
20 An agent is liable on a contract if it is usual business practice for them An agent is liable on a contract involving their
principal if it is usual business practice for them to be liable. to be liable
21 Nico can petition the court to set aside the variation in class rights as she holds more than 15% of the preference shares
Nico owns 18% of the preference shares and therefore has more than the 15% threshold required to petition the court to
set aside the variation in class rights.
22 A summary offence is a minor criminal offence A summary offence is a minor criminal offence: an indictable offence is a
serious criminal offence.
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