3 Mar 2008
許尊明 v. 歐振清及另一人
- Citation
- 許尊明 v. 歐振清及另一人
- Court
- District Court
- Case number
- DCCJ6238/2005
The defendants failed to show that the plaintiff had agreed to any reserve or that they were entitled to the deductions claimed; the funds in the account were held on trust for all co-owners and the defendants did not discharge their duty to account or to justify deductions, therefore the plaintiff is entitled to his one-fifth share of the specified rents ($45,000) and one-fifth of the account balance as at 28 February 2005 ($38,686.53), with interest and costs on an indemnity basis.