29 Jan 1993
AU HON KWONG AND ANOTHER V. SURE WOOLLEN YARNS CO.LTD.
- Citation
- AU HON KWONG AND ANOTHER V. SURE WOOLLEN YARNS CO.LTD.
- Court
- Court of First Instance
- Case number
- HCMP3979/1992
The mortgage was not validly executed because it bore the company seal but was signed by only one director contrary to Article 13 requiring more than half of four directors; statutory provisions and estoppel arguments did not cure that defect for the purpose of conferring a power of sale, so the purchaser's requisition was not satisfactorily answered and the title was impeachable or at real risk of being impeached.