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Saturday, May 19, 2012

Ramsgate Victoria Hotel v Montefiore

Offer terminated by time lapse.

Montefiore wanted to buy shares of Ramsgate on June,
Ramsgate allotted shares to Montefiore in November.
By that time, share prices of Ramsgate dropped, and so Montefiore didn't want it anymore.


Ramsgate sought for but specific performance ; failed, as delay was too long.

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