14 May 1985
UNITED MERCHANTS FINANCE LTD v. CHAU MAN KAY
- Citation
- UNITED MERCHANTS FINANCE LTD v. CHAU MAN KAY
- Court
- District Court
- Case number
- DCCJ25479/1984
The contract was not frustrated by the accidental destruction of the vehicle or by the subsequent insolvency of the insurer; clause 5 and related provisions demonstrated the parties allocated the risk and provided for application of insurance moneys, and therefore the defendant remained liable for the unpaid instalments and interest under the agreement.