Read the full judgment text of HCA 002224/2000 on BabelCite. This High Court CFI judgment was delivered on 10 January 2001.
1. This is an appeal by the defendant from an order of the master where the master gave final judgment to some $5.8 million and conditional leave to the balance of the sum claimed by the plaintiff in this action. The claim of the plaintiff is for the total sum of some $8.8 million arising under a guarantee, which is called the Second Guarantee, dated 21 March 1994. There was an earlier guarantee of 5 March 1990, called the First Guarantee. There is no dispute at the hearing that the defendant si