7 Nov 2006
NANYANG COMMERCIAL BANK LTD v. MAN SAM KWAN AND OTHERS
- Citation
- NANYANG COMMERCIAL BANK LTD v. MAN SAM KWAN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP403/1999
On the evidence the plaintiff negotiated the AG Bank LC (not merely collected), thereby acquiring legal rights to seek reimbursement; contemporaneous documents, conduct and oral evidence overwhelmingly supported negotiation; URC did not apply to negotiation; plaintiff therefore had recourse against the 3rd defendant under the facility/mortgage documents and was entitled to judgment, delivery up of possession and costs as ordered.