Read the full judgment text of HCA 000497/2000 on BabelCite. This High Court CFI judgment was delivered on 29 October 2001.
1. This has been a very short trial with each party giving evidence in person and calling no other witness. The plaintiff's claim is essentially that about 7 August 1993, the defendant requested the plaintiff to lend to the defendant the sum of $1,000,000 - that sum was lent, at an agreed interest rate, but the principal and most of the interest has never been paid and remains owing. In evidence today, the defendant has admitted receiving that money as a loan. The defendant also acknowledged tha