25 Oct 2000
RE MILAN ORNAMENT MANUFACTORY LTD.
- Citation
- RE MILAN ORNAMENT MANUFACTORY LTD.
- Court
- Court of First Instance
- Case number
- HCCW970/1999
The company failed to prove the alleged oral agreement; even if it existed it lacked consideration under Foakes v Beer and the company did not perform it in any event; therefore the judgment debt of $65,407.99 remained due and the company was unable to pay its debts, entitling the court to make a winding-up order.