Read the full judgment text of CACV 187/1992 on BabelCite. This Court of Appeal judgment was delivered on 2 April 1993.
1. This case concerns a sale and purchase agreement dated 20 July 1991 whereby the plaintiffs (purchasers) agreed to purchase Flat B. Fifth Floor, Block 18, Wonderland Villas, Kwai Chung, from the defendant (vendor) for the total price of $3,380,000. Deposits totaling $338,000 were paid on the signing of the agreement and the balance of the purchase price amounting to $3,042,000 was to be paid on completion. Clause 3 of the agreement provided that the purchase would be completed at the office of