13 Aug 2001
MAGUSTA SECURITIES LTD. v. DAO KWOK FU
- Citation
- MAGUSTA SECURITIES LTD. v. DAO KWOK FU
- Court
- District Court
- Case number
- DCCJ7737/2001
On the balance of probabilities the Defendant failed to prove that the trading was without his express or implied authorization; his prior participation in profit‑sharing, his continued use of the agent's address, and his failure to take protective steps after learning of earlier trades amounted to authorization or acquiescence, therefore judgment for the Plaintiff for the indebtedness plus interest and costs.