29 Jul 1993
PEKING FUR STORE LTD. V. BANK OF COMMUNICATIONS
- Citation
- PEKING FUR STORE LTD. V. BANK OF COMMUNICATIONS
- Court
- Court of First Instance
- Case number
- HCMP2083/1993
Although the assignment was formally defective under Article 79, the board resolution expressly authorising the transaction and signature by one director validated the execution; the company seal was affixed, equitable title passed, the transaction was not procured by fraud or illegality, and the vendor thereby provided a good and marketable title with entitlement to further assurance, so the purchaser's requisition was satisfactorily answered.