Read the full judgment text of CACV 000127/1984 on BabelCite. This Court of Appeal judgment.
1. On 21st April 1983 the respondents to this appeal, Famous Investment Co. Ltd. (hereinafter referred to as "Famous"), a company of no great substance, concluded an agreement in writing for the purchase from three companies ostensibly carrying on business as taxi operators of their interest in 454 taxi-cabs together with licences as particularized for $80 million. We say "their interest" because at all material times the taxi-cabs in question remained the property of a finance company. The appe