Adman Khan v Stanbic Bank (U) Ltd (Civil Suit No. 435 of 2013)
Observed later treatment
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Holding
The court held that a valid contract of sale was formed when the defendant bank accepted the plaintiff's written offer to purchase land and the plaintiff paid the deposit as stipulated. Upon payment of the deposit, the plaintiff acquired an equitable interest in the property and the bank became trustee in title. The bank's unilateral cancellation of the contract through its agent was unlawful, as the agent lacked authority to cancel a contract entered into by the principal. Specific performance was ordered and general damages of UGX 100,000,000 awarded for breach of contract.
Outcome
Specific performance decreed; defendant ordered to complete sale and transfer property to plaintiff
Facts
The plaintiff, a businessman dealing in real property, inquired from the defendant bank about foreclosed properties for sale. Through the bank's agent, Armstrong Auctioneers, he was shown several properties and chose property at Mutundwe. On 2 July 2013, the plaintiff made a written offer of UGX 350,000,000. On 4 July 2013, the bank accepted the offer in writing, stipulating that the plaintiff pay UGX 150,000,000 within 5 days and the balance within 90 days. The plaintiff immediately paid the first instalment. Five days later, the bank's agent purported to cancel the transaction, claiming the plaintiff had deposited funds without formal communication from the auctioneers. The plaintiff protested through his lawyers and lodged a caveat on the property. Despite obtaining an interim court order restraining the bank from selling the property, the bank proceeded to accept a competing offer from another buyer and purported to sell the property to him.
Issues
- Whether there was a contract of sale of the suit property between the plaintiff and defendant.
- Whether the defendant's unilateral cancellation of the sale transaction was lawful.
- Whether the plaintiff is entitled to the remedies sought.
Orders
- The defendant is ordered to conclude the contract of sale of the suit property with the plaintiff.
- The plaintiff is awarded general damages of Shs.100,000,000 (One Hundred Million Only).
- The amount in (2) above shall attract an interest rate of 25% per annum from the date of this judgment till payment in full.
- The plaintiff is awarded costs of the suit.
Rules and key headnotes
Legislation cited (4)
Cases cited (12)
- Tifu Lukwago v Samwiri Mudde Kizza & Another (Supreme Court Civil Appeal No. 13 of 1996)
- H.M. Kadingidi v Essence Alphonse (High Court Civil Suit No. 269 of 1986)
- Ismail Jaffer Alibhai & 20 Others v Nandlal Harjivan Karira & Another (Supreme Court Civil Appeal No. 53 of 1995)
- Mazoor vs. Baram (2003) 2 EA 580 at 592
- James Fredrick Nsubuga v Attorney General (High Court Civil Suit No. 13 of 1993)
- Erukan Kuwe v Isaac Patrick Matovu & Another (High Court Civil Suit No. 177 of 2003)
- Gullabhai Ushillingi v Kampala Pharmaceutical Ltd (Supreme Court Civil Appeal No. 6 of 1996)
- Kengrow Industries Ltd v C.C. Chandran (Supreme Court Civil Appeal No. 12 of 2003)
- Kibimba Rice Ltd v Umar Salim (Supreme Court Civil Appeal No. 17 of 1992)
- Jennifer Rwanyindo Aurelia & Another v School Outfitters (U) Ltd (Court of Appeal Civil Appeal No. 53 of 1999)
- National Pharmacy Ltd. vs. Kampala City Council [1979] HCB 25
- LYSAGHT Vs. EDWARD 1876) 2 Ch.D 499 at pp.506-510
Cases citing this judgment (1)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
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