5 Dec 2008
ETERNAL CROWN DEVELOPMENT LTD v. GREAT WIDE INVESTMENT LTD
- Citation
- ETERNAL CROWN DEVELOPMENT LTD v. GREAT WIDE INVESTMENT LTD
- Court
- Court of First Instance
- Case number
- HCA2550/2007
The Notice of Annulment was invalid because the Vendor had not previously communicated any inability or unwillingness to remove the Purchaser's requisitions and lacked reasonable grounds to claim inability; although time was of the essence for Clause 13.1 and the Purchaser breached by delivering the draft Assignment late, the Vendor never accepted that breach as a repudiation and therefore could not rescind on that ground; accordingly the Agreement remained enforceable and the Plaintiff was entitled to a declaration, specific performance and damages to be assessed.