Read the full judgment text of on BabelCite. was delivered on 19 February 1976.
1. In January 1972 the plaintiff firm, which is a firm of stock brokers, obtained judgment against the 1st defendant in a sum of $46,865.25 and costs. It was claimed that he had capitalised upon an error made by the plaintiff firm in its accounting system. Despite the efforts of the plaintiff firm the judgment remained unsatisfied. Eventually it was made apparent to the Registrar of this Court that the 1st defendant had a beneficial interest in some two hundred shares in the 2nd defendant compan