MOHD FARID BIN MOHAMED SANGIDO v 1. ) ACE CREDIT (M) SDN BHD 2. ) CHANG AI NEE 3. ) CHOONG CHEE MENG
Catchwords
Contract — Breach — Agreement — Agreement between Plaintiff and Defendants — Interpretation of agreement — Plaintiff claimed for profits and principal sum from the Defendants — Whether the Defendants are not obliged to pay the profits and principal sum claimed by the Plaintiff if the First Defendant is not profitable — Intention of the parties construing the Agreement — Whether agreement signed by parties was loan agreement or investment agreement — Whether the Defendants had breached their obligation under agreement — Whether agreement was illegal — Moneylenders Act 1951 Contract — Guarantee — Liability of guarantor — Guarantors claimed that they did not allegedly agree to guarantee the performance of the First Defendant’s obligation to pay any sums outstanding but had only promised that the First Defendant will comply with the terms of the agreement — Whether the Guarantors are discharge of their obligations — Letter of comfort
Practice Areas
Judges (1)
Case Significance
MOHD FARID BIN MOHAMED SANGIDO v 1. ) ACE CREDIT (M) SDN BHD 2. ) CHANG AI NE... is a High Court (Mahkamah Tinggi) decision dated February 17, 2025 (citation: wa-22ncc-547-08-2023). The case was decided by Mohd Arief Emran bin Arifin.
What was the outcome of MOHD FARID BIN MOHAMED SANGIDO v 1. ) ACE CREDIT (M) SDN BHD 2. ) CHANG AI NE...?
MOHD FARID BIN MOHAMED SANGIDO v 1. ) ACE CREDIT (M) SDN BHD 2. ) CHANG AI NE... is a High Court decision dated February 17, 2025. The case was heard by Mohd Arief Emran bin Arifin. See the full judgment for details.