Agiraesaasi v Muhumuza & Anor (Civil Suit No. 274 of 2013)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that where parties executed a written loan agreement under which the borrowers acknowledged receipt of cash and the lender proved bank transfer of the remaining amount, the written acknowledgement in the agreement constituted sufficient proof of disbursement. Oral evidence contradicting the express terms of the agreement was inadmissible. The Plaintiff recovered the principal sum of UGX 65,000,000 with interest at 20% per annum from January 2013.
Outcome
Judgment entered in favour of the Plaintiff for the principal amount and interest; Plaintiff to return title deeds to the Defendants
Facts
The Plaintiff advanced UGX 65,000,000 to the Defendants under a friendly loan agreement dated 2 November 2012. The loan enabled the Defendants to redeem their land title from Cairo International Bank. The agreement provided that UGX 50,000,000 would be paid by electronic transfer to Nile Computers Ltd (a company affiliated to the first Defendant) and UGX 15,000,000 in cash, receipt of which the borrowers acknowledged in the agreement. The bank released the certificate of title to the Plaintiff upon receipt of the UGX 50,000,000. The loan was repayable within one month. The Defendants admitted receiving UGX 50,000,000 but denied receiving the UGX 15,000,000 cash component. The Plaintiff demanded repayment on 18 December 2012 but the Defendants did not respond or pay.
Issues
- Whether the Plaintiff disbursed Uganda shillings 65,000,000/= to the Defendants under the loan agreement dated 2 November 2012.
- What remedies are available to the parties.
Orders
- Judgment entered for the Plaintiff.
- The Defendants jointly liable to pay the Plaintiff Uganda shillings 65,000,000/=.
- Interest at 20% per annum awarded from January 2013 to the date of judgment.
- Interest at 20% per annum awarded on the aggregate amount from the date of judgment until payment in full.
- Costs of the suit awarded to the Plaintiff.
- The Plaintiff obliged to return the duplicate certificate of title (LRV 4328 Folio 17 Plot 6 Royal Close Kansanga) to the Defendants.
Rules and key headnotes
Legislation cited (5)
Cases cited (4)
- Ferdinand Mugisha v Banya Steven and Another (High Court Civil Suit No. 833 of 2007)
- Esero Kasule v Attorney General (High Court Miscellaneous Application No. 0688 of 2014)
- Riches v Westminster Bank Ltd [1947] 1 All ER 469
- Tate & Lyle Food and Distribution Ltd v Greater London Council [1981] 3 All ER 716
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.