Read the full judgment text of CACV 000291/2000 on BabelCite. This Court of Appeal judgment was delivered on 9 February 2001.
1. In 1994 the appellants (to whom I shall refer as "the vendors") were the owners of a house and garden in Hong Lok Yuen. They placed the property on the market, and on 26 March 1994 Mr Wu Kwok-wing, a director of the respondent company (to which company I shall refer as "the purchaser") inspected the premises. On the company's behalf, he entered upon a provisional sale and purchase agreement dated 30 March 1994, to buy the property for the sum of $12.38 million. That agreement contained a clau
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