Read the full judgment text of HCA 002244/1976 on BabelCite. This High Court CFI judgment was delivered on 24 April 1978.
1. The plaintiff company is said to be a branch or subsidiary of a big Japanese Corporation, carrying on business in Hong Kong, inter alia, as an importer and wholesaler of diamonds and other precious stones. The defendant was at material times and is a dealer in diamonds and other precious stones. From about August 1974 the defendant became a customer of the plaintiff and in the course of their dealings the defendant was allowed credit on stones purchased sometimes up to ninety days and there w