Read the full judgment text of HCA 003418/1985 on BabelCite. This High Court CFI judgment.
1. The claim in this action started as being a claim on three dishonoured cheques. The defence which was filed referred to money lending transactions. It also referred to interest of 46.8% per annum being payable on the loans and it was contended that the transactions between platiff and defendant were of an extortionate nature and grossly contravened ordinary principles of fair dealing. The plaintiff then amended its statement of claim and claimed monies due and owing to it as a licenced money
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