Read the full judgment text of HCMP 000941/1997 on BabelCite. This High Court CFI judgment was delivered on 27 November 1997.
1. The Plaintiff purchaser ("the purchaser") and the Defendant vendor ("the vendor") entered into a Sale and Purchase Agreement dated 23 rd December 1996 ("the Agreement") for the purchase of the property known as Unit No.3, 6 th floor, Tower A, Fortress Metro Tower, No.238 King's Road, Hong Kong ("the property"). The purchase price was $4,100,000.00. Upon the signing of the Agreement the total deposit paid by the purchaser to the vendor came to 10% of the purchase price i.e. $410,000.00. Under