Read the full judgment text of CACV 000074/1989 on BabelCite. This Court of Appeal judgment was delivered on 4 August 1989.
1. The appellant/defendant Mr. Tsea Sung Wah (Mr. Tsea) along with three other persons, who included Cheung Kai Chan and Lau Wing Yeung, on the 1st of February 1975 entered into a guarantee with the respondent/plaintiff, the Indian Overseas Bank Ltd. (the Bank), whereby, in consideration of the Bank making and agreeing to make loans and advances to the Mansonit Garment Manufactory Co. Ltd. (Mansonit), the four parties jointly and severally guaranteed the payment of up to HK$6m of moneys advanced