Section 46 - Co-operatives National Law Application Act 2013 - Person who knows or ought to know cannot make assumptions | Zoe

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Co-operatives National Law Application Act 2013

46Person who knows or ought to know cannot make assumptions

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46 Person who knows or ought to know cannot make assumptions

This Division does not entitle a person to make an assumption, and does not prevent an assertion being made in relation to an assumption, if:

(a) the person has actual knowledge that the assumption is not correct; or

(b) the person ought to know that the assumption is not correct because of the nature of the person’s connection or relationship with the co-operative.