From worrells.net.au: A Pet Supplies store in Regional Queensland was sold without a signed contract, leading to complications regarding enforceability and outstanding payments.

Despite the lack of formal documentation, the sale was largely considered binding due to verbal agreements and partial payments made.

However, suppliers with Purchase Money Security Interests over stock at the time of the sale retained enforceable rights, complicating the transaction further and highlighting the importance of proper documentation in business dealings.