Read the full judgment text of HCA 009293/1991 on BabelCite. This High Court CFI judgment was delivered on 24 May 1991.
2. The head vendor, Empirical Investments Limited, had the Property mortgaged to Dai Sing Bank Limited for unlimited amount. So, as can be expected, the Sale and Purchase Agreement between the Plaintiffs and the Defendant for the Property ("the Contract") provided for conveyance free from encumbrances. Also not disputed is that the Plaintiffs sought mortgage finance to pay for the purchase price under the Contract.