28 Nov 2022
CHOW KAM HUNG v. HOI KONG IRONWARES GODOWN CO LTD
- Citation
- [2022] HKDC 1368
- Court
- District Court
- Case number
- DCCJ5138/2019
The court found the ironmongery/stainless steel partnership was dissolved by agreement on 15 October 2004; no binding oral settlement of accounts was proved; plaintiff's claims for accounts and for profit sharing under the oral promise are governed by the Limitation Ordinance and, on the facts, are time-barred; although 'net profits' would include rental income and the oral promise was supported by consideration, limitation extinguished the actionable claims.