11 Aug 1999
HWANG YIU HWA v. ELTONES PROFITS LTD AND OTHERS
- Citation
- HWANG YIU HWA v. ELTONES PROFITS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA14261/1998
The court held the Note imposed an unconditional obligation to redeem on the stated Maturity Date (31 July 1998) and the guarantors' covenant to pay 'forthwith on demand' was triggered by the valid demand; the defendants' defences were meritless and summary judgment for the plaintiff was therefore properly granted and should be affirmed.