Read the full judgment text of CACV 128/2017 on BabelCite. This Court of Appeal judgment was delivered on 16 May 2018.
1. In this action, the Plaintiff sought to set aside an agreement under which they agreed to sell a sapphire and diamond necklace [“the Necklace”] to the Defendant at the price of HK$5.05 million. The Plaintiff said the agreement was made under unilateral mistake on its part as the Necklace was worth substantially more than that, the Necklace having been consigned to them by another company Carrera under a consignment note at the price of US$6.2 million. The mistake stemmed from the failure of M
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