Read the full judgment text of HCA 009844/2000 on BabelCite. This High Court CFI judgment was delivered on 13 September 2001.
1. The plaintiff (TFL) is a company carrying on business of trading in commodity futures contracts. The defendant was the plaintiff's client who opened a trading account with the plaintiff pursuant to a client's agreement dated 28 March 2000 (hereinafter called "the Agreement"). The plaintiff alleged that certain payments by cheques made by the defendant in accordance with his obligation under the Agreement as initial margin were dishonoured. As a result, the plaintiff liquidated the defendant's