25 Oct 1985
THE KA WAH BANK LIMITED v. PRODUCT SCOUTING INTERNATIONAL LIMITED AND ANOTHER
- Citation
- THE KA WAH BANK LIMITED v. PRODUCT SCOUTING INTERNATIONAL LIMITED AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA4645/1984
The credit contract was lawful and not affected by ultra vires or frustration; the Letter of Guarantee was a continuing guarantee rendering the 2nd defendant liable as a principal debtor; variations or cessation of credit or receipt of other securities did not discharge the guarantor; no duty was established such as to defeat the bank's rights; judgment was entered for the bank for the claimed sum plus interest and costs.