30 Oct 1997
KONSAN (HONG KONG) LIMITED v. UNITREND COMPUTER LIMITED
- Citation
- KONSAN (HONG KONG) LIMITED v. UNITREND COMPUTER LIMITED
- Court
- Court of First Instance
- Case number
- HCA3522/1997
Signing the formal sale and purchase agreement was not a mandatory step; the provisional agreement remained binding. Given the purchaser had withheld release of the further deposit pending signature, the vendor did not lose the right under Clause 8 to call off the sale after the target date for signing but before completion. The vendor was entitled to refund the initial deposit plus an amount equivalent to it and reimbursement of stamp duty; plaintiff’s claim for specific performance dismissed.