30 Jun 1994
PIONEER INDUSTRIES (HOLDINGS) LTD. v. DENNIS TAN CHIN YONG
- Citation
- PIONEER INDUSTRIES (HOLDINGS) LTD. v. DENNIS TAN CHIN YONG
- Court
- Court of First Instance
- Case number
- HCA3890/1991
The court found the Option Agreement was supported by consideration and conferred a valuable right; the Waiver Agreement constituted a valid accord and satisfaction (with additional indemnity obligations providing further consideration), Pioneer could not import unstated pre-conditions to avoid payment, and thus Pioneer breached the Waiver Agreement; judgment entered for the defendant for the contractual entitlements (HK$6,326,789 plus interest) and related deposit/order.