Read the full judgment text of HCB 007877/2009 on BabelCite. This HCB judgment was delivered on 1 April 2010.
1. The petitioner is as its name indicates an insurance company. On 16 November 2007 the petitioner made a written offer to the debtor to appoint her as an insurance agent with the position of district manager. The agreement included a term that subject to certain criteria being satisfied the petitioner would be granted a loan against her prospective performance bonus. On 19 November 2007 the debtor signed a letter recording her request for a loan of HK$782,024 and agreeing to advance this sum.
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