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Under the Residential Properties (First-hand Sales) Ordinance (Cap. 621), Mr. Chan signs a preliminary agreement for sale and purchase (PASP) for an uncompleted flat priced at $8,800,000 and pays the required preliminary deposit. He then changes his mind and does not execute the agreement for sale and purchase (ASP) within the statutory period. What is the legal consequence?
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COURSE OVERVIEW
This is a 20-question sample. The full EAQE has 30 standalone and 20 case-study questions; the SQE has 40 standalone and 10 case-study questions. Subject-specific free sets include five case-linked questions, rather than the full official weighting.
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