Goon v. Gee Kung Tong, Inc.

Appellants participated in several private Chinese lending and borrowing organizations known as “wuis” which operated at the premises of appellee, Gee Kung Tong, Inc. When the wuis failed, appellants brought suit against appellee alleging that it had guaranteed their deposits. The trial court directed a verdict for appellee, based in part on the Statute of Frauds. A letter written by appellee’s attorney which purportedly admits liability was proffered to meet the Statute’s requirement of a writing of guaranty. We hold that the trial court erred in its ruling that this letter was an offer of…