Read the full judgment text of DCCJ 5821/2018 on BabelCite. This District Court judgment was delivered on 21 August 2019.
1. The application for summary judgment before me arose from non-payment of hiring charges due on a hire purchase agreement ( the HP Agreement ) to a bank ( the Bank )from a joint venture company ( the JV Co ) beneficially owned equally by the plaintiff and the defendant. In order to secure the JV Co’s obligations under the HP Agreement, the plaintiff and the defendant have executed a guarantee in favour of the Bank ( the Guarantee ).
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