4 Mar 2004
THE CHINA STATE BANK LTD v. KING PACIFIC INTERNATIONAL HOLDINGS LTD AND OTHERS
- Citation
- THE CHINA STATE BANK LTD v. KING PACIFIC INTERNATIONAL HOLDINGS LTD AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV26/2003
The Court held the guarantee was clear and enforceable; the second facility letter was a continuation of the original facilities not a new facility; the plaintiff owed no duty to consult the guarantor and committed no positive act or degree of negligence sufficient to discharge the surety; summary judgment against the 3rd defendant was properly entered and the appeal was dismissed.