Kasozi v DFCU Bank Ltd (H.C.C.S NO. 1326 2000)
Observed later treatment
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Holding
The court held that the contract of sale was valid and enforceable despite a prior judgment nullifying the sale in separate proceedings. Where a purchaser pays the full purchase price but receives no good title due to third-party adverse claims and the vendor makes no effort to remove encumbrances, there is total failure of consideration entitling the purchaser to a refund. The vendor's indemnity clause in the sale agreement obliges it to compensate the purchaser for all losses arising from defect in title, including renovation costs and loss of bargain damages calculated as the difference between market value and purchase price.
Outcome
Judgment entered for the plaintiff with refund of purchase price, damages for renovation costs, registration costs, loss of bargain, interest and costs
Facts
On 11 May 1999, the plaintiff purchased property at public auction conducted by the defendant bank as mortgagee for UGX 92,000,000. The defendant executed a sale agreement and transfer, and the plaintiff paid the full purchase price. When the plaintiff attempted registration, he discovered a caveat lodged by the registered proprietor Victor Kobel. The plaintiff was registered subject to the caveat and took possession. Victor Kobel and Nagongera Millers Ltd sued the defendant bank in H.C.C.S. No. 1325/99 challenging the sale. On 26 July 2000, the court ruled the sale was invalid and cancelled the plaintiff's registration. The plaintiff carried out renovations costing UGX 17,000,000 and paid UGX 3,430,000 for registration fees. The plaintiff demanded a refund from the defendant, which refused payment on instructions from the Alam family who had sold Gold Trust Bank to the defendant.
Issues
- Whether the contract of sale between the plaintiff and the defendant is valid.
- Whether the plaintiff is entitled to the refund of the purchase price.
- Whether the plaintiff is entitled to the other reliefs claimed.
Orders
- Judgment entered for the plaintiff against the defendant.
- Defendant to refund UGX 92,000,000 with interest at 25% per annum from 11 May 1999 until payment in full.
- Defendant to pay UGX 138,430,000 as damages with interest at 6% per annum from the date of judgment until payment in full.
- Costs of the suit awarded to the plaintiff to be taxed.
Rules and key headnotes
Legislation cited (3)
Cases citing this judgment (2)
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
The original judgment as reported. Read the original PDF before relying on any passage.