Read the case study and answer the given questions:
Mr. and Mrs. Amadio were immigrants to Australia of Italian birth, had a relatively poor command of English and limited business experience they were induced by their son Vincenzo to sign a mortgage over property they owned to secure loans by the bank to their son, whom they believed to be successful.
In fact, Vincenzo's business was in severe financial difficulties. The bank knew this, but relied upon Vincenzo’s explaining to his parents the nature of the mortgage transaction and of the documents they were signing. At the original hearing the bank was successful in defending the claims brought against it by the parents seeking to have the mortgage set aside. An appeal court reversed that decision and gave judgement for Mr. and Mrs. Amadio. The bank appealed against that decision to the High Court of Australia where the case was heard by four judges. It is the decision of that court that you will be reading.
You will see that of the four judges who heard the case in the High Court, three decided in favour of Mr. and Mrs. Amadio and one decided in favour of the bank. Therefore, Mr. and Mrs. Amadio were successful by a majority decision. However, as between the three judges who decided in favour of Mr. and Mrs. Amadio, they did not all decide the case on the same legal grounds.
This question belongs to business law and discusses about the judgement of Mr. and Mrs. Amadio who were immigrants to Australia of Italian birth.
Total word count: 1483
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