Shareholders in a company contended that another shareholder sold his shares as part of executing a letter of commitment at a meeting held between them, following the execution of another agreement in connection with the sale of the shares, while the shareholder contended that he never signed the letter of commitment.
The Court held that the document was executed by the shareholder. When a person denies his signature on a document, the presumption is that he did not sign the document unless there are objective indications that he did sign it, such as: If someone witnessed the signing, if the signature is the same as the person's signature or if an opinion can be obtained from a person who knows the handwriting of the signer. Here, the signing was done in the presence of the other shareholders. In addition, the shareholder confirmed that the signature on the early agreement is indeed his signature this is to indicate that the signature on the letter of commitments is also his signature.