IN THE SUPREME COURT OF JUDICATURE OF JAMAICA

IN COMMON LAW

SUIT NO. C.L. N-I8512000

BETWEEN THE NATIONAL COMMERCIAL BANK PLAINTIFF

AND ALVIN MURRAY IST DEFENDANT

AND HEATHER MURRAY 2ND DEFENDANT

Miss Camaleta Brown and Miss Tennisha Watkins instructed by Vacianna &

Whitting ham for Plaintiff

Andrew Irving and Miss Stacy Kong-Quee instructed by Gifford, -Thompson and Bright

for the Defendants

HEARD: JULY 21.22 AND 30,2003 & FEBRUARY 19,2004

C; Daye, J. (Ag.)

Mr. Alvin Murray was a national prize farmer at the Annual Denbeigh Agricultural

Show in 1996. In February 1996 he submitted an application to the Agricultural Credit

Bank for a loan of $12.5 million at 13 percent per annum interest through the National

Commercial Bank an approved lending institution. He applied for the loan to commence