Read the full judgment text of HCA 003546/1977 on BabelCite. This High Court CFI judgment.
1. Cape Yachts Ltd. is a company (at present in process of liquidation) which was founded in 1972 for the principal purpose of manufacturing and marketing high grade ocean going sailing craft. The company was registered in August 1972, the initial share capital being $300,000 contributed equally by the three founding members of the company: Mr. Theodore Norman, Mr. Robert Lusher and Mr. David Cauvin. In the ensuing years a number of these expensive craft were produced and sold. The company conce
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