Read the full judgment text of HCA 001821/1994 on BabelCite. This High Court CFI judgment was delivered on 24 June 1994.
1. This is an appeal from the Master refusing to strike out the plaintiff's claim. The plaintiff is the step-mother of the defendant. She alleged that in or about April 1992 she lent $150,000 to the defendant to be repaid at the end of two months with interest thereon in the sum of $20,000. It is not disputed that the effective interest rate would therefore be 80% per annum.