13 Jun 2014
CHAN CHI WAH v. CHAN ALBERT KOON KEUNG AND OTHERS
- Citation
- CHAN CHI WAH v. CHAN ALBERT KOON KEUNG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA128/2011
The court found on the balance of evidence that the promissory note generated an outstanding indebtedness, the July 2002 oral variation was effective and affirmed liability, the HK$850,000 was a part payment reducing but not discharging the debt rather than a loan to the plaintiff, the share transfer did not satisfy the debt, and the plaintiff's claim was not time barred; accordingly judgment was entered for the plaintiff in HCA 128/2011 and the defendants' action HCA 766/2012 was dismissed.