1 Nov 2007
ROCHIS LTD V ZACHERY ANDREW CHAMBERS, JULIAN DAVID CHAMBERS, JOCELYN ZELPHA CHAMBERS AND KIMBERLY FAITH CHAMBERS CA CA112/06
- Citation
- openlaw-79013ebd_8d78_43f3_8974_0084f30c1361.pdf
- Court
- Court of Appeal
Clause 16, by denominating a floor in US dollars, established that exchange rate fluctuation was within the parties' contemplation so exchange losses caused by delayed settlement were recoverable; clause 3.9's provision for interest for late settlement does not exclude separate recovery for exchange losses; respondents conceded joint and several liability and therefore must repay the outstanding overpayment with interest.