3 Dec 1992
YEUNG SIU HONG v. CHAN SIU MEE SANDIE
- Citation
- YEUNG SIU HONG v. CHAN SIU MEE SANDIE
- Court
- Court of First Instance
- Case number
- HCA3354/1991
The signed preliminary agreement was an agreement to agree and a step in negotiations, not an immediately binding sale contract; time was of the essence for payment of the further deposit on 25 March 1991 and the vendor was entitled to insist on payment in cash or by cashier order/solicitor's cheque; the vendor was therefore entitled to withdraw before signing the formal agreement and the purchaser was not entitled to specific performance or to maintain the Land Office registration.