Read the full judgment text of HCA 003135/1984 on BabelCite. This High Court CFI judgment was delivered on 20 March 1985.
1. The claim is based on a contract, evidenced in writing, entered into on the 8th December 1982 whereby the, defendant sold to the plaintiff US $100,000.00 and in exchange e for HK$ 642,000.00. It was an option contract, the expiry date being the 30th April 1983. It was renewed some 5 times but eventually the plaintiff squared the position on the 8th April 1984 when the exchange rate was HK $7. 8 to US$ 1 and the defendant showed a loss which was debited on its account. This it has refused to p