Kitande v Nyende (HCCA No. 27 of 2000)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that a single isolated money lending transaction does not make the lender a money lender under the Money Lenders Act. A money lending business requires system, repetition, and continuity. The appellant was entitled to recover the principal sum plus the agreed interest. However, the default interest clause of UGX 5,000 per day was struck down as a penalty being extravagant, harsh, unconscionable, and oppressive in amount compared to the principal sum.
Outcome
Appellant recovered principal, agreed interest, and nominal damages; default interest clause struck down as penalty
Facts
The appellant lent UGX 150,000 to the respondent under a written agreement dated before 8 April 1997. The agreement stipulated repayment by 8 April 1997 with interest of UGX 50,000, making a total of UGX 200,000. The agreement further provided that if not paid by the due date, interest would accrue at UGX 5,000 per day. A motor vehicle logbook was deposited as security. The respondent defaulted. The appellant sued claiming UGX 200,000 plus accumulated default interest of UGX 5,000 per day for 1,123 days, totaling UGX 5,615,000 in default interest alone. The Magistrate found the appellant was an unlicensed money lender prohibited from charging interest and awarded only the principal. The respondent did not defend the suit in the trial court and did not appear in the appeal despite substituted service.
Issues
- Whether the appellant was an unlicensed money lender under the Money Lenders Act Cap. 264 and therefore prohibited from charging interest on monies lent.
- Whether the default interest clause of UGX 5,000 per day constituted a penalty clause or liquidated damages.
Orders
- Appeal allowed in part.
- Appellant to recover principal sum of UGX 150,000.
- Appellant to recover agreed interest of UGX 50,000.
- Appellant awarded nominal damages for breach of UGX 5,000.
- Principal sum and interest to carry interest at court rate from date of filing suit until payment in full.
- Default interest clause struck down as a penalty.
- Judgment of trial court varied accordingly.
- Respondent to pay costs of the suit in the High Court and in the court below.
Rules and key headnotes
Legislation cited (2)
- Money Lenders Act Cap. 264 s.2
- Money Lenders Act Cap. 264 s.22
Cases cited (8)
- Yosamu Kawule v Erusania [1977] HCB 135
- Sitefano Baraba v Haji Edirisa Kimuli [1977] HCB 137
- Ugachick Poultry Breeders Ltd v Tadjin Kara (Civil Appeal No. 2 of 1997)
- Shavabhai G. Patel v Chalurbhai M. Patel [1961] EA 361
- President of India v La Pintada Compania Navegacion SA [1985] AC 104
- Dunlop Pneumatic Tyre Co Ltd v New Garage & Motor Co Ltd [1915] AC 79
- Elsey v JG Collins Insurance Agencies Ltd (1978) 83 DLR (3d) 1
- Philips Hong Kong Ltd v Attorney General of Hong Kong (1993) 61 Build LR 49
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.