17 Oct 2003
Y.H. CONSTRUCTION CO LTD v. KINGSCORD INVESTMENT LTD
- Citation
- Y.H. CONSTRUCTION CO LTD v. KINGSCORD INVESTMENT LTD
- Court
- District Court
- Case number
- DCCJ16556/2001
The court found the plaintiff's witnesses credible and the defendant's witness not credible, held that an oral agreement was made at the meeting to cease works and reimburse up to HK$100,000, that this compromise was supported by valid consideration (mutual discharge/abandonment), and therefore entered judgment for the plaintiff for the proved sum of HK$98,000 with interest and dismissed the defendant's counterclaim.