Turbo Top Ltd v Lee Cheuk Yan

In contractual interpretation, surrounding circumstances are admissible as an aid, but evidence of prior negotiations remains excluded.

Under the Limitation Ordinance (Cap 347), fraud postpones the running of the limitation period until the plaintiff discovered or could with reasonable diligence have discovered the fraud.

Time is of the essence in Hong Kong sale and purchase agreements; failure to complete on the stipulated date constitutes repudiatory breach entitling the innocent party to terminate and claim damages.