Read the full judgment text of HCA 004248/2002 on BabelCite. This High Court CFI judgment was delivered on 4 March 2004.
1. There are before me two guarantees, one corporate guarantee by the 1st Defendant and one personal guarantee by the 2nd and 3rd Defendants. The 2nd and 3rd Defendants are shareholders and directors of the 1st Defendant. The position of the Defendants is that they have no knowledge of the terms of the guarantees. They say that they do not understand English and the documents were not interpreted to them. So they signed without knowing what liability the guarantees held for them respectively.