Read the full judgment text of HCA 008817/1998 on BabelCite. This High Court CFI judgment was delivered on 7 November 2000.
1. In terms of an agreement for sale and purchase dated 14 August 1997 (which replaced an earlier provisional agreement) the Defendant agreed to sell to a company called New Crown Ltd a shop premises situated in Kowloon. The purchase price was $14,700,000. This was payable in a series of deposits with the balance payable on or before the completion date. The completion date was set some eight months ahead; namely, on or before 7 May 1998. The agreement specified that time should in all respects