21 Jan 1998
LEE CHAT and Another v. CHINA ROLL INDUSTRIES LTD.
- Citation
- LEE CHAT and Another v. CHINA ROLL INDUSTRIES LTD.
- Court
- Court of First Instance
- Case number
- HCMP1334/1997
Vendor's refusal to produce the company's articles of association, which formed part of the vendor's title, prevented the purchasers from verifying whether a single director could validly execute the assignment; that refusal disabled the vendor from relying on the presumption under s.23 CPO and Turquand's rule was not a sufficient answer; the purchasers' reservation of rights to raise further requisitions within seven working days was effective; accordingly the vendor's purported forfeiture on 23 April was premature and amounted to wrongful repudiation, entitling the purchasers to repayment o…