Cheung v. Lin
The Court found that the flood left the property not in substantially the same condition on the possession date, that condition amounted to a fundamental (repudiatory) breach and clause 8 is a material term; the plaintiff was entitled to terminate and recover the deposit with interest; the defendant’s counterclaim for specific performance was dismissed.
Source excerpt
- Breach of contract
- Fundamental breach/repudiation
- Condition precedent/contract term (viewed clause)
- Deposit recovery
- Specific performance (counterclaim)