3 Oct 1991
HANG SENG FINANCE LTD. v. LIU KWOK MAN
- Citation
- HANG SENG FINANCE LTD. v. LIU KWOK MAN
- Court
- District Court
- Case number
- DCCJ8750/1991
The court held that the agreement's clauses making punctual payment 'the essence', the termination power on default and the damages provision must be read together; accordingly the defendant's failure to pay two instalments was treated as repudiation which the plaintiff validly accepted, entitling the plaintiff to the damages claimed of $57,953.18 plus interest and costs.