Read the full judgment text of HCA 010818/1996 on BabelCite. This High Court CFI judgment was delivered on 25 July 1997.
1. The plaintiff and Sanxia Gorges Investment Company Limited (Sanxia) entered into two agreements on 25 January 1994 (the contracts) under which the plaintiff sold to Sanxia some construction equipment. On the same date, the defendant, which is a trading company of the Hubei Provincial Government, gave an unconditional guarantee to the plaintiff undertaking to pay if Sanxia failed to do so (the first guarantee). Some time after this, the plaintiff and the defendant entered into an undated agree