31 Mar 2014
CHINA FOUNDATION INTERNATIONAL LTD v. REVOACE INC
- Citation
- CHINA FOUNDATION INTERNATIONAL LTD v. REVOACE INC
- Court
- Court of First Instance
- Case number
- HCA1585/2010
On the balance of probabilities the court found that a valid Compromise Agreement was made in October 2007 resulting in an agreed deduction of US$430,000 from the outstanding purchase price; the plaintiff failed to prove supply or delivery of the Spare Parts invoiced at US$864.94; the defendant failed to prove the alleged defects for its counterclaim. Accordingly the plaintiff's claim and the defendant's counterclaim were dismissed.