Read the full judgment text of HCA 007926/1998 on BabelCite. This High Court CFI judgment was delivered on 28 January 1999.
1. By an agreement dated 30th September 1997 ("the Principal Agreement"), the Plaintiff agreed to buy from Joylane Limited ("the Head Vendor") 21 shops in Portion B on the Ground Floor of the Commercial Development, Locwood Court, Kingswood Villas, No.1 Tin Wu Road, Tin Shui Wai, Yuen Long, New Territories. The completion date was 30th June 1998 and the purchase price of HK$104,903,000 was to be paid by instalments of which HK$5,245,150 was to be paid within 120 days from 30th September 1997 i.e