13 Aug 1980
EDWARD WONG FINANCE CO LTD v. POMAY INVESTMENTS LTD AND OTHERS
- Citation
- EDWARD WONG FINANCE CO LTD v. POMAY INVESTMENTS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA2401/1976
J.S.M. breached the duty of care by failing to give consideration to the risks of accepting an undertaking from a one-man small firm and by failing to advise the plaintiff and the purchaser's directors to insist on a safer English‑style completion; the plaintiff was entitled to judgment against D1–D5 for the loan sums and D1–D4 and D5 are jointly indemnified by J.S.M.; J.S.M. is liable to indemnify the defendants in the sums specified.