Beautifit Ltd v Financial Institutions Services Ltd, etal

IN THE SUPREME COURT JUDICATURE OF JAMAICA

IN COMMON LAW

SUIT NO. HCV 02209/2003

BETWEEN BEAUTIFIT LIMITED CLAIMANT

AND FINANCIAL INSTITUTIONS

SERVICES LIMITED 1 ST DEFENDANT

c) AND JAMAICA REDEVELOPMENT

FOUNDATION INC. 2ND DEFENDANT

AND DENNIS JOSLIN JAMAICA INC. 3RD DEFENDANT

Dr. Randolph Williams for the Claimant

Mr. Christopher Kelman instructed by Myers, Fletcher and Gordon for the lst

Defendant

Mr. David Johnson instructed by Piper and Samuda for 2" and 3" Defendants

C HEARD: loth & 1 6M~ar~ch , 2004

SINCLAIR-HAYNES, J (Ag.)

On the 22nd September 1988, Beautifit Limited, the claimant in this

matter, mortgaged two parcels of land as security for a loan of $540,000.00

and overdraft facilities of up to $500,000.00 from Century National Bank.