Read the full judgment text of HCA 008296/1996 on BabelCite. This High Court CFI judgment was delivered on 5 August 1997.
1. In June 1993, the plaintiff paid the sum of $721,940 to the defendant. This was a contribution towards the purchase price of a flat. The plaintiff says that it was agreed by them that the plaintiff would be entitled to 50% of "net equity" of the flat, 50% of any increase in the "net equity", and 50% of the net income and profits. In the alternative, the plaintiff alleges there was a resulting trust or a loan. The defendant denies the agreement and the resulting trust, but admits the loan. The