Read the full judgment text of HCA 005518/1984 on BabelCite. This High Court CFI judgment.
1. By this action the plaintiff who is called hereafter 'the bank' sues the 2nd defendant, Mr. Yap, to recover the sum of $4,000,000 together with interest allegedly due under a continuing guarantee dated the 18th April 1977. The bank alleges that the guarantee, which is Exhibit P1, was given to secure a loan to the 1st defendant, Mr. Yip Chung Ling, who is a brother of Mr. Yap by a different mother. Mr. Yip's indebtedness to the bank now exceeds some $20,000,000. Indeed, judgment in these proce