Read the full judgment text of HCA 003252/2003 on BabelCite. This High Court CFI judgment was delivered on 13 July 2005.
1. Dah Sing Bank Limited, (the Bank), is the owner of a certain Offset Printing Press, (the machine). By a lease agreement dated 10 October 2002, the Bank agreed to lease the machine to Technique Papeurtrip Products Factory, (Technique) a firm owned by the third defendant, for a period of four years at a monthly rental of $74,375. Technique fell into default on the lease. The four defendants in these proceedings were guarantors to the Bank for the due performance of the terms of the lease by