23 Oct 2015
LIU JUN v. CHINA WELL PROPERTIES LTD
- Citation
- LIU JUN v. CHINA WELL PROPERTIES LTD
- Court
- District Court
- Case number
- DCCJ2759/2011
The agreement is not binding on the defendant because the director who signed did not have authority (no board resolution and another director opposed), the Turquand rule could not be relied upon where not pleaded and the mere signature/chop was insufficient; accordingly defendant not liable to plaintiff for HK$500,000 and third party's claim for HK$310,000 fails (clause 12 ambiguous and agent misconduct prevented treating defendant as defaulting).