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January 24, 2013

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Odd case weighs lost ginseng root's value

A CASE involving a woman who paid a debt with a wild ginseng root of disputed value was sorted out by the Yangpu District People's Court yesterday, which awarded the woman compensation of 20,000 yuan (US$3,216).

The court heard that the woman, Jin Qi, borrowed 250,000 yuan from a lender in October 2008. Since she had no money, Jin gave the lender a wild ginseng root, claiming its worth at 500,000 yuan. She asked the lender to sell the ginseng and return any extra money.

However, the lender was told by a Traditional Chinese Medicine pharmacy that the ginseng was grafted and worth only 20,000 yuan. The lender asked a friend of Jin's to return the ginseng.

After that, the lender filed suit at Changning District People's Court, which ordered Jin to repay the debt.

Jin then filed an action against the lender with the Yangpu court, claiming the ginseng as payment.

The Yangpu court heard the ginseng was lost by the friend and there was no evidence to prove its value.

The lender agreed to pay 20,000 yuan to Jin, who was ordered to clear her debts.


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