20 Nov 2001
HUA RONG FINANCE LTD. v. MEGA CAPITAL ENTERPRISES LTD. & ANOTHER
- Citation
- HUA RONG FINANCE LTD. v. MEGA CAPITAL ENTERPRISES LTD. & ANOTHER
- Court
- Court of Appeal
- Case number
- CACV1086/2000
The appeal is dismissed: the mortgage and associated documents were forged and there was no representation by the company that the 2nd defendant had authority to borrow or execute the mortgage; the plaintiff relied on forged board minutes so cannot establish ostensible authority or estoppel; unjust enrichment fails because the company neither requested, used nor retained the funds; therefore the plaintiff cannot enforce the loans against the 1st defendant.