Read the full judgment text of HCA 011179/1983 on BabelCite. This High Court CFI judgment was delivered on 15 October 1984.
1. The Plaintiff in this case is the Union Bank of Hong Kong Ltd. (the Bank). The 1st Defendant is Chan Kong (Mr. Chan) trading as Theta Industries Company. The lst Defendant became a customer of the Bank during the first half of 1982. To procure credit facilities with the Bank, it gave the Bank 2 letters of hypothecation in identical terms. One of these contained a guarantee executed by the 2nd Defendant, Tang Kwok Ying and Li Wai Sing trading as Kwong Hing Industrial Company.