Hugo had been a lawyer in practice before he joined Property Limited as a director of the company five years ago. The business of the company is about property investments.Last month, Hugo signed a document of the company without reading it. The document was in fact a contract and related to the selling of an asset of the company to another contracting party.By reason of a typing mistake, the selling price of the asset was wrongly stated in the contract as $2,000,000 when the correct price should be $3,000,000. The company has suffered loss as a result.Required:In relation to company law, advise Hugo as to whether he is liable for the loss suffered by the company. (10 marks)