12 May 1969
FAR EAST BANK LTD v. RONALD LI-KAI CHU AND ANOTHER
- Citation
- FAR EAST BANK LTD v. RONALD LI-KAI CHU AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA85/1969
On the first defendant's admission of liability under the written guarantee and given the absence of any arguable defence amounting to an equitable set-off (the alleged undertaking re mortgaged properties was unrelated to the overdraft and guarantee), the bank was entitled to judgment against both defendants for the sum calculated on a simple interest basis; no stay of execution was warranted.