6 Jun 2002
BANK OF CHINA (HONG KONG) LTD. v. ALBERT HWANG, DAVID CHUNG & CO., a firm
- Citation
- BANK OF CHINA (HONG KONG) LTD. v. ALBERT HWANG, DAVID CHUNG & CO., a firm
- Court
- Court of First Instance
- Case number
- HCA1114/1999
Defendants, acting for the mortgagee, owed a duty to verify the mortgagor's title and the authority of the vendor's signatory before advising release of mortgage monies; they breached that duty by failing to verify authority or properly investigate title, the breach caused the plaintiff's loss, and the defendants are liable for the full loss within the scope of their undertaking; damages quantified by the court accordingly.
- Equitable mortgage
- Title verification
- Fraud by solicitor
- Causation and measure of damages
- Saamco principle
- Turquand rule