22 Dec 1986
LI AND FUNG (TRADING) LIMITED v. WING HING (TANGS) FABRICS MANUFACTURING COMPANY LIMITED
- Citation
- LI AND FUNG (TRADING) LIMITED v. WING HING (TANGS) FABRICS MANUFACTURING COMPANY LIMITED
- Court
- Court of First Instance
- Case number
- HCA3561/1985
Where the purchaser failed to take delivery of a substantial quantity far exceeding the contractual margin, the purchaser cannot rely on a '5% more or less' margin clause to limit liability; damages are to be assessed on the contracted quantity (299,325 yards) and not on an elected reduced quantity.