Read the full judgment text of HCA 000609/1971 on BabelCite. This High Court CFI judgment was delivered on 11 November 1974.
1. When the plaintiff bank was forced to put an end to its normal business in February 1965 the first defendant was operating two current accounts, one in the bank's Mongkok branch, the other at Shamshuipo. Each was, with the consent of the bank, heavily overdrawn. Interest charges have since accumulated to an extent almost equal to the original balance. Prior to the collapse the third and fourth defendants had each signed a letter of guarantee to cover the overdrafts respectively, and the inter
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