8 Jan 1999
SHEK WANG SANG v. LI TIN SANG
- Citation
- SHEK WANG SANG v. LI TIN SANG
- Court
- Court of First Instance
- Case number
- HCA12478/1997
The Court accepted the plaintiff's evidence and concluded the signed memorandum constituted a binding unconditional loan of HK$500,000 repayable within two years; the defendant's account of a conditional compensation arrangement and oral agreement was rejected as not credible and inadequately evidenced; no condition precedent was proved, therefore the loan was due and judgment was entered for the plaintiff with interest and costs.