Company: LHI
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001213900-25-014190
Chunk: 166

Company: Living Homeopathy International Ltd.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 166
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 only if the court or arbitrator determines that the term was a fair and reasonable one to be included having regarded to the circumstances which were, or ought reasonably to have been, known to or in the contemplation of the parties when the contract was made.

Misrepresentation Ordinance (Chapter 284 of the laws of Hong Kong)

Under the Misrepresentation Ordinance, where a person entered into a contract after a misrepresentation has been made to him, and (a) the misrepresentation has become a term of the contract; or (b) the contract has been performed, or both, then, if otherwise he would be entitled to rescind the contract without alleging fraud, he shall be so entitled, subject to the provisions of the ordinance, notwithstanding the matters mentioned in (a) and (b) above.

Under section 3 of the Misrepresentation Ordinance:

| (a) | Where a person                                                                                           
 entered into a contract after a misrepresentation has been made to him by another party thereto and as   
 a result thereof he has suffered loss, then, if the person making the misrepresentation would be liable  
 to damages in respect thereof had the misrepresentation been made fraudulently, that person shall be     
 so liable notwithstanding that the misrepresentation was not made fraudulently, unless he proves that    
 he had reasonable grounds to believe and did believe up to the time the contract was made that the facts 
 represented were true.                                                                                   |

| (b) | Where a person                                                                                             
 entered into a contract after a misrepresentation has been made to him otherwise than fraudulently, and    
 he would be entitled, by reason of the misrepresentation, to rescind the contract, then, if it is claimed, 
 in any proceedings arising out of the contract, that the contract ought to be or has been rescinded the    
 court or arbitrator may declare the contract subsisting and award damages in lieu of rescission, if of     
 opinion that it would be equitable to do so, having regard to the nature of the misrepresentation and      
 the loss that would be caused by it if the contract were upheld, as well as to the loss that rescission    
 would cause to the other party.                                                                            |

| (c) | Damages                                                                                
 may be awarded against a person under item (b) whether or not he is liable to damages  
 under item (a), but where he is so liable any award under item (b) shall be taken into 
 account in assessing his liability under item (a).                                     |