28 May 1980
ALLIANCE PRINTING & MANUFACTURING CO LTD v. APOLLO TEXTILES LTD
- Citation
- ALLIANCE PRINTING & MANUFACTURING CO LTD v. APOLLO TEXTILES LTD
- Court
- Court of First Instance
- Case number
- HCA2888/1976
The court found a new contract existed (delivery May/June), the plaintiff opened a full L/C in time and in a form that did not materially deviate from contractual requirements, the defendant repudiated the contract to exploit rising market prices, and the plaintiff was entitled to damages for the cost of substitute performance (HK$35,050) plus interest and costs.