Read the full judgment text of CACV 568/2018 on BabelCite. This Court of Appeal judgment was delivered on 5 September 2019.
1. By way of an agreement dated 28 January 2014 (“the Agreement”), the plaintiff agreed to purchase from the defendant (a dealer in used luxury automobiles) a McLaren (model number MP4-12C with registration number “SA 1280”) at the price of $3.48 million, which was to be paid for partly by cash and partly by the plaintiff trading-in its used Ferrari (model number 599-F1 with registration number “00LALA”) (“the Ferrari”) valued at $1.49 million.