29 Apr 2008
WU YIPING v. MAK YUK YEE CLARA AND ANOTHER
- Citation
- WU YIPING v. MAK YUK YEE CLARA AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1520/2004
The four documents must be construed together to give effect to the parties' common intention; the transaction was a sale for $2.5 million with a 12‑month buy‑back option, not an illegal loan under the Money Lenders Ordinance; Rich Prosper was not a lender and Clara Mak was not acting as a money lender or in concert with Rich Prosper; plaintiff defaulted and title validly transferred to the 1st defendant, who is the legal and beneficial owner and entitled to possession.