5 Apr 2000
GOLDSPEED INVESTMENT LTD. v. EASY SUCCESS ENTERPRISES LTD.
- Citation
- GOLDSPEED INVESTMENT LTD. v. EASY SUCCESS ENTERPRISES LTD.
- Court
- Court of First Instance
- Case number
- HCA8187/1998
Clause 16 did not exclude the vendor's right to common law damages; because the vendor did not resell within six months it could not retain the part payments under Clause 16, but it had a valid counterclaim for common law damages equal to contract price less market price; equitable set-off of that counterclaim extinguished the purchaser's claim, resulting in a net judgment for the vendor of HK$2,640,000 plus interest and costs.