29 Mar 1978
CHARTERED FINANCE (HONG KONG) LTD v. HELEN FASHIONS GARMENT CO LTD AND ANOTHER
- Citation
- CHARTERED FINANCE (HONG KONG) LTD v. HELEN FASHIONS GARMENT CO LTD AND ANOTHER
- Court
- District Court
- Case number
- DCCJ62/1978
Clause VII was drawn in a penal form but the court accepted the Rule of 78 as a suitable approximate formula to quantify the plaintiff's loss; the car sale at $44,000 was fair market value, reasonable sale expenses were deductible, and damages of $1,571.24 plus interest and costs were awarded to the plaintiff.