Read the full judgment text of HCA 006947/1998 on BabelCite. This High Court CFI judgment was delivered on 3 April 2001.
1. The 2nd and 3rd defendants were directors of the 1st defendant company which manufacture Chinese medicine. The medicine was invented by the 3rd defendant who is a Chinese herbalist. In July 1996, the 2nd and 3rd defendants for and on behalf of the 1st defendant opened a saving account with the plaintiff bank. On 24 October 1996, they executed a deed of guarantee in favour of the plaintiff in consideration of the plaintiff granting banking facilities to the 1st defendant. The deed of guarantee