Read the full judgment text of HCA 006388/1991 on BabelCite. This High Court CFI judgment was delivered on 2 November 1992.
1. The plaintiffs who are husband and wife entered into a contract with the defendant on the 20th July 1991 to purchase a flat, Flat B 5th Floor Block 18 Wonderland Villas, Kwai Chung, for the sum of $3,380,000. Mr Garcia, the Managing Director of the defendant, and his wife who is also a director, signed the agreement on behalf of the defendant. The sum of $338,000 was paid as deposit and in part payment of the purchase price and it was agreed that the balance was to be paid on the date of comp