15 Jan 2008
MODERN (INTERNATIONAL) ACCESS & SCAFFOLDING LTD v. HANGSON SIGN PRODUCTION LTD
- Citation
- MODERN (INTERNATIONAL) ACCESS & SCAFFOLDING LTD v. HANGSON SIGN PRODUCTION LTD
- Court
- District Court
- Case number
- DCCJ821/2006
Plaintiff failed to prove that the 2005 retail quotation of US$16,130 was the reasonable or lowest replacement cost; court therefore assessed loss on plaintiff's actual 2004 acquisition cost plus unit charges (US$7,720.80) reduced by 10% for one year of a 10-year lifespan to US$6,948.70 (HK$54,200) and entered judgment for plaintiff for the total sum of HK$101,262.87 including outstanding rental charges.