5 Feb 2013
BEST BUSINESS (ASIA) LTD v. G.O.D. (INTERNATIONAL) LTD
- Citation
- BEST BUSINESS (ASIA) LTD v. G.O.D. (INTERNATIONAL) LTD
- Court
- District Court
- Case number
- DCCJ885/2011
The Preliminary Tenancy Agreement was a concluded and binding contract despite deletion of the escape clauses because all material lease terms were agreed; deletion simply left compensation unsettled and damages must be assessed. The 1st Defendant breached the Agreement by refusing to sign the formal tenancy. The 3rd Defendant, acting as agent of the 1st Defendant at the material time, made a negligent misrepresentation about the legal effect of deleting the escape clauses which the 1st Defendant reasonably relied on; that misrepresentation caused loss. Consequently Plaintiff succeeds on its…