The Weekly Law Reports
[1996] 1 WLR 270
[PRIVY COUNCIL]
HANEET CHANDRU VASWANI APPELLANT AND ITALIAN MOTORS (SALES AND SERVICES) LTD. RESPONDENT
[APPEAL FROM THE COURT OF APPEAL OF HONG KONG]
1995 July 26,
27;
Dec. 12
Dec. 12
Lord Jauncey of Tullichettle, Lord Woolf, Lord Lloyd of Berwick, Lord Steyn and Lord Hoffmann
Contract
— Repudiation
— Sale of goods
— Sale price agreed subject to adjustment provisions in contract of sale
— Buyer paying deposit
— Sellers demanding excessive price increase and threatening to forfeit deposit
— Whether repudiation
— Buyer failing to pay balance of purchase price
— Whether sellers entitled to forfeit deposit