Mad Dogs could not legally perform its contract in breach of insolvent trading laws
An insolvent company cannot legally continue to perform its contract by which debts are incurred. Hence it has no claim for repudiation of the contract by the other party. Gilligan’s Backpackers conducted a hotel business in Cairns. Mad Dogs was under contract to supply food and catering services at the hotel. On 26 September 2007 […]
