Webco S.A v Job Coffee Ltd (HCT-00-CC-MA 278 of 2014)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the application for leave to appear and defend. The applicant's claim that the promissory note was signed under duress was not established. The correspondence showed a clear business relationship where the applicant acknowledged indebtedness and negotiated repayment terms. The applicant followed execution of the promissory note with payment of two installments, demonstrating free and willing consent. No triable issue was raised to warrant defending the suit.
Outcome
Application dismissed; judgment entered for plaintiff on the promissory note
Facts
The plaintiff (Webcor S.A) and defendant (Job Coffee Ltd) entered into a business relationship where the plaintiff prefinanced the defendant to buy and supply coffee. Between 2009 and 2010, the plaintiff advanced USD 579,600 and jute bags valued at USD 194,400. After partial reimbursement of USD 34,620, the defendant acknowledged indebtedness of USD 739,380 on 30 September 2011 and agreed to a repayment schedule. The defendant failed to meet the repayment obligations. On 22 June 2012, parties agreed the defendant would release USD 40 per ton toward the debt. Continued default led to execution of a promissory note for USD 357,742.68 payable in 18 installments. After the defendant defaulted on two installments, the plaintiff sued. The defendant applied for leave to appear and defend, claiming the promissory note was signed under duress and that the plaintiff had hoodwinked it by promising a long-term partnership then demanding immediate repayment.
Issues
- Whether the applicant established a triable issue warranting leave to appear and defend the suit.
- Whether the promissory note was executed under duress and therefore void.
Orders
- Application dismissed with costs.
- Judgment entered in favour of the plaintiff in the terms prayed.
Rules and key headnotes
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.