11 Nov 2003
THE WORLD FOOD FAIR LTD AND ANOTHER v. HONG KONG ISLAND DEVELOPMENT LTD
- Citation
- THE WORLD FOOD FAIR LTD AND ANOTHER v. HONG KONG ISLAND DEVELOPMENT LTD
- Court
- Court of First Instance
- Case number
- HCA4602/2000
The court found on the balance of the correspondence and conduct that the parties never reached a binding agreement for a lease; material terms remained unresolved and the parties contemplated a formal lease; the HK$200,000 paid was earnest money and, because there was total failure of consideration, must be returned to the 2nd Plaintiff; the Plaintiffs' claim and the Defendant's counterclaim for mesne profits were dismissed.