Read the full judgment text of HCA 001848/1987 on BabelCite. This High Court CFI judgment was delivered on 21 October 1988.
1. This is an action brought by a moneylender, Sum Wing Credits Ltd.("the indorsee") against Shun Yip Textiles Ltd. ("the drawer") and Tsang Kwok Lam and Tsang Yuk Mui, trading as the Kwok Shing Garment Factory ("the Payee"). The drawer has countermanded payment of a cheque drawn by the drawer in favour of the payee and indorsed over by the payee to the indorsee. The indorsee has obtained judgment against the payee. That judgment is unsatisfied, and the indorsee accordingly now proceeds against