QUESTION B:Albert owns his house in Groomsdale in Queensland (“the property”) which is unencumbered. Albert’s father, Barry, has offered to assist his son financially if he “ever really needs it”. Albert owned a shoe store which could not compete with internet

QUESTION B:Albert owns his house in Groomsdale in Queensland (“the property”) which is unencumbered. Albert’s father, Barry, has offered to assist his son financially if he “ever really needs it”. Albert owned a shoe store which could not compete with internet competitors and recently closed down due to poor sales. Albert then reluctantly accepted his father’s offer of financial assistance. Albert saw his solicitor, Carmichael and outlined the arrangement. Carmichael was instructed to draft a lo …

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