COMM 393 Chapter Notes -Teck Resources
Document Summary
Parties seek a ruling with respect to the proper interpretation of clause 2 of an. In the agreement, the petitioner bkdk holdings ltd. agreed to sell and respondent. Ltd agreed to purchase a number of shares in a company called meridian. Turns out that teck wasn"t engaged in an rfp process; made internal decision to move its corporate travel business to competitor, amex travel. Meridian lost substantially all business done for tech, (retained 3%). Is 692831 entitled to a purchase price reduction in the amount of ,000 pursuant to. Law: negotiated commercial document should be construed in accordance with sound commercial principles and good business sense. Contra proferentum: language of contract construed against its author, when all else fails. Result: 692831 is entitled to a purchase price reduction. They satisfied all of the conditions precedent as necessary to obtain a price reduction when k looked as a whole.
