Plaintiff
Defendant
Facts: In "Yang v. Li," Hong Yang and Yuzhang Wang (plaintiffs) entered into a contract to sell their property to Xue Yun Li (defendant) for $2,888,000. The contract involved a deposit and installment payments, with a final balance due after the sale of another property owned by Li. Disputes arose when Li failed to complete the purchase as agreed, prompting the plaintiffs to seek enforcement of the contract and damages.
Issue: The core issue was whether the "Chinese Contract" made between the parties was a valid and enforceable agreement, and if so, whether Li breached this contract by failing to complete the purchase according to the agreed terms.
Court’s Ruling: The Supreme Court of British Columbia found that the Chinese Contract was a valid and enforceable agreement. The court held that Li was in breach of the contract for failing to complete the purchase. The plaintiffs were entitled to accept the breach and claim damages as they were ready, willing, and able to complete the sale as per the contract.
Amount of Costs/Damages Awarded: The document does not specify the exact amount of costs or damages awarded to the successful party, but the plaintiffs sought damages for the lower sale price they received when they subsequently sold the property, along with other associated costs.
Court
Supreme Court of British ColumbiaCase Number
S185245Practice Area
Civil litigationAmount
Winner
PlaintiffTrial Start Date
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