13 Jun 2014
WAH FUNG SAUCE CO LTD v. CHAN CHI WAH
- Citation
- WAH FUNG SAUCE CO LTD v. CHAN CHI WAH
- Court
- Court of First Instance
- Case number
- HCA766/2012
The court accepted the plaintiff's credible evidence, rejected the defendants' explanations and contrivances (including the board minute), found the HK$850,000 was a part-payment of the promissory note rather than a loan from Wah Fung to the plaintiff, found the July 2002 oral variation and subsequent acknowledgements kept the claim within the limitation period, held the share transfers did not discharge the debt, and therefore entered judgment for the plaintiff for the remaining balance with interest and costs.