18 Mar 2014
WISE THINK GLOBAL LTD v. FINANCE WORLDWIDE LTD
- Citation
- WISE THINK GLOBAL LTD v. FINANCE WORLDWIDE LTD
- Court
- Court of Final Appeal
- Case number
- FACV3/2013
The court held that specific performance of the Provisional Agreement must proceed without a new formal sale contract; the Vendor must show and give a good title and allow the Purchaser reasonable opportunity to raise objections; the Vendor must account for actual rental income and outgoings from the contractual completion date to the tenancy expiry and provide that account within 14 days; the Purchaser is liable to pay interest on the unpaid balance from the contractual completion date until actual completion (set at 4% per annum in principle) and the balance payable on completion must be ad…