Read the full judgment text of HCA 18682/1999 on BabelCite. This High Court CFI judgment was delivered on 5 October 2001.
2. The plaintiff and the defendant were both engaged in garment export business. On 8 April 1998 the defendant acquired a temporary transfer of 2,000 dozens of category 347 quota from the plaintiff for the export of manufactured garments to the United States. A guarantee was signed by the defendant to acknowledge his obligation to utilize a minimum of 95% of the assigned quota, in default of which the defendant undertook to indemnify the plaintiff its loss arising out of the defendant's breach a