Read the full judgment text of HCA 004073/1999 on BabelCite. This High Court CFI judgment was delivered on 20 July 1999.
1. This is an application for summary judgment under a bank guarantee. The defence offered is that the guarantee was given on the faith of promises on the part of the bank's employees that the facility to be guaranteed would be re-instated or re-negotiated at a level satisfactory to the guarantor and that these promises were not honoured. A point was also taken as to the insertion of the words of 'unlimited amount' in the guarantee but these words would on its true construction have been implied