5 May 1989
RICHARDSON GREENSHIELDS OF CANADA (PACIFIC) LTD. v. PAUL CHOW
- Citation
- RICHARDSON GREENSHIELDS OF CANADA (PACIFIC) LTD. v. PAUL CHOW
- Court
- Court of First Instance
- Case number
- HCA7228/1987
Court found brokers breached instruction to sell at best on October 26, 1987 and awarded the customer damages of $227,991 on cross-claim by analogy to Armory v Delamirie; however customer repudiated payment obligations and brokers were entitled to liquidate under clause 4 of the Customer Trading Agreement so sale was not wrongful; illegality from unregistered dealer's representatives did not render contracts unenforceable on statutory construction and policy grounds; set-off reduced plaintiff's recoverable sum to $417,215.30 and judgment entered for plaintiff for that amount with interest and…