24 Dec 2009
LAU TUNG PUI PATRICK V. TSE KIT CHING
- Citation
- LAU TUNG PUI PATRICK V. TSE KIT CHING
- Court
- District Court
- Case number
- DCCJ5542/2006
The court found the $180,000 was an unconditional loan from the Plaintiff to the Defendant, secured by 18 post-dated cheques; there was no evidence of agreed conditions making repayment contingent on continued participation or operation of the business, and the Defendant's expenditure claims related to company expenses and not to a personal obligation by the Plaintiff; accordingly the Plaintiff's claim succeeds and the Defendant's counterclaim fails.