15 May 1979
WONG CHIT SEN v. TSE KWONG LAM
- Citation
- WONG CHIT SEN v. TSE KWONG LAM
- Court
- Court of First Instance
- Case number
- HCA2102/1966
The mortgagee breached his duty by acting in bad faith and failing to take reasonable care to obtain the true market value: he disclosed the reserve to a related company, fixed a capricious undervalued reserve, and had a conflict of interest in procuring acquisition for his company; damages equal to the difference between the true market value and the sale price were awarded to the mortgagor rather than setting aside the sale due to delay.