5 Dec 2016
NG KONG SHEEN SMILE INTERNATIONAL INVESTMENT LTD v. COLOR BRIDGE INDUSTRIAL CO LTD
- Citation
- NG KONG SHEEN SMILE INTERNATIONAL INVESTMENT LTD v. COLOR BRIDGE INDUSTRIAL CO LTD
- Court
- Court of First Instance
- Case number
- HCA1551/2013
The court held that cheques issued to the plaintiff as security for third‑party debts were supported by valuable consideration because the creditor's forbearance to sue constituted consideration sufficient to support a simple contract under s.27(1); the plaintiff established a prima facie case and the defendant failed to show any triable issue, therefore summary judgment was properly granted for the plaintiff.