Read the full judgment text of HCA 001939/1978 on BabelCite. This High Court CFI judgment.
1. In about June 1977 Fung Kwong Enterprises Ltd (Fung Kwong) were interested in leasing premises at New Lucky House in Jordan Road (the premises). The landladies of the premises (the landladies) required a bank or other financial institution to act as guarantor. The defendant company (which has a paid-up capital of $20,000,000) was approached. The defendant company agreed to act as guarantor for Fung Kwong provided its guarantee was secured by properties or shares. Eventually the defendant comp