12 Dec 1968
THE CANTON TRUST AND COMMERCIAL BANK LTD v. CHENG TAI t/a TAI YUEN FARM AND OTHERS
- Citation
- THE CANTON TRUST AND COMMERCIAL BANK LTD v. CHENG TAI t/a TAI YUEN FARM AND OTHERS
- Court
- District Court
- Case number
- DCCJ196/1968
The guarantee must be construed together with the contemporaneous undertaking as a single transaction limiting liability to moneys advanced under the first six‑month undertaking; the Bank's conduct and the assistant manager's representation amounted to discharge/release of that guarantee; consequently the defendant was not liable and judgment was entered for the defendant.