Luyimbazi sulaiman v Uganda Commercial Bank (HCCS 835 of 1999)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that a mortgage executed by the registered proprietor himself requires no power of attorney. A typographical error in the borrower's company name (omitting the word 'Agro') does not invalidate the mortgage where the parties knew the intended company, the correct name appeared on the company stamp, and the mortgage was properly registered. The mortgagee bank validly exercised its power of sale under the mortgage deed after repeated demands went unanswered. Particulars of fraud and bad faith were not established where the plaintiff received demand notices and was given opportunity to redeem. The sale was properly conducted. Suit dismissed.
Outcome
Plaintiff's claim for return of mortgaged property and damages dismissed
Facts
In 1994, the plaintiff agreed to assist a company director by depositing his land title (Block 262, Plot 444, Mobutu Road, Makindye, Kampala) with Uganda Commercial Bank to secure a loan of 5 million shillings for J.W. Victoria Agro Industries Ltd. The plaintiff executed a mortgage on the property. The bank extended the overdraft in the company's name, but the company failed to repay despite repeated demands. The bank sold the property in April 1999. The plaintiff contended the mortgage was invalid because it named the borrower as 'J.W. Victoria Industries Ltd' rather than 'J.W. Victoria Agro Industries Ltd', that he signed a blank mortgage form, that he received inadequate notice, and that the bank acted in bad faith. The bank produced evidence of multiple demand letters to both the company and the plaintiff, and that it gave the plaintiff opportunity to redeem the property before sale.
Issues
- Whether the mortgage was valid or not.
- Whether the Defendant made a demand on the Plaintiff, and whether such demand was necessary under the circumstances.
- Whether the mortgage deed was varied by the parties.
- Whether there was fraud and/or bad faith on the part of the Defendant.
- Whether the Plaintiff is entitled to the remedies prayed for in the plaint.
Orders
- Suit dismissed with costs to the Defendant.
Rules and key headnotes
Legislation cited (4)
- Registration of Titles Act s.154
- Registration of Titles Act s.56
- Mortgage Decree s.1
- Mortgage Decree s.9
Cases cited (2)
- Sebuliba v Co-operative Bank [1982] HCB 129
- Buragahare v Attorney General (Supreme Court Civil Appeal No. 28 of 1993)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.