Rebecca Musoke v M/S B.M. Enterprises Ltd and Others (Civil Suit No.337 of 2003) (Civil Suit No.337 of 2003)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that defendants who induced the plaintiff to mortgage her property to secure their loan, then failed to repay, are liable for the full value of the property lost when the bank sold it to realize the mortgage. Liability was established despite revocation of the power of attorney before the loan was drawn, where defendants provided no substitute security as promised and gave no consideration to the plaintiff. Defendants who called no evidence failed to challenge the plaintiff's valuation.
Outcome
Plaintiff awarded damages totalling UGX 720,000,000 plus interest and costs
Facts
The plaintiff, a widow, agreed to sell a coffee plantation to the first defendant. She signed a power of attorney and deposited her land title with a bank as security for a mortgage to finance the defendants' horticulture business. The cheques given to her were dishonoured. She revoked the power of attorney when the cheques bounced. Despite the revocation, the defendants drew money from the bank using her property as security. The defendants promised to return her title and substitute the mortgage with alternative security but failed to do so. The bank sold the plaintiff's property in February 2000 to recover the loan. The property, valued at UGX 900 million by a surveyor in 1998, was sold at an undervalue. The defendants called no evidence and did not challenge the plaintiff's case.
Issues
- Whether the defendants are liable for the loss of the plaintiff's property mortgaged under a revoked power of attorney.
- What is the appropriate quantum of damages for the plaintiff's loss.
Orders
- Judgment entered for the plaintiff against the defendants.
- Special damages of UGX 700,000,000 awarded representing the value of the land.
- General damages of UGX 20,000,000 awarded.
- Interest on special and general damages at 15% per annum from 2000 to the date of payment in full.
- Costs of the suit awarded to the plaintiff.
Rules and key headnotes
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.