Read the full judgment text of HCA 009257/1999 on BabelCite. This High Court CFI judgment was delivered on 4 April 2003.
1. The Plaintiff in this action was the purchaser of a shop premises at No. 16 Bowring Street, Ground Floor, Kowloon under an agreement of 9 September 1996. The Defendants were the vendors. They were the beneficiaries to the estate of Chiu Ka Lung ["the Deceased"] who died on 15 September 1995. At the material time, the Deceased was the registered owner of the shop. The agreed price was $9,600,000.00 and a deposit of $1,200,000.00 was paid. The agreement was unusual in that under Clause 5 thereo