Read the full judgment text of HCA 001859/1974 on BabelCite. This High Court CFI judgment.
1. This is an action by the plaintiff company, International Projects Corporation Ltd. against the defendants in their capacity as guarantors to certain short term loan agreements. The plaintiff's case is that the two defendants were the sole directors of one Fortex Industries Ltd. a company which had been financed by the plaintiff company. Over the months of November 1973 down to May 1974 the defendants in their capacity as directors signed and executed a series of four short term loan agreemen