Rosemary Kityo v Impala Commodities Ltd & Anor (HIGH COURT CIVIL SUIT NO. 1305 OF 1998. ) (HIGH COURT CIVIL SUIT NO. 1305 of 1998.)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that where mortgagors failed to honour supply and prefinancing obligations and defaulted on delivery of coffee as required under a mortgage agreement, the mortgagee was entitled to foreclose and sell the security by private treaty under the mortgage agreement and section 9 of the Mortgage Decree 1974 without first attempting to cash an additional post-dated cheque security or obtaining a valuation at the mortgagor's request.
Outcome
Plaintiff's suit dismissed. Plaintiff ordered to deliver vacant possession to first defendant for transfer to purchaser within 14 days.
Facts
On 13 March 1997, the plaintiff and second defendant entered into a coffee supply contract with the first defendant to supply 17 metric tons of coffee within 7 days against prefinancing of UGX 20,000,000. The plaintiff mortgaged her certificate of title as security and the second defendant provided a post-dated cheque for UGX 20,000,000 as additional security. Only 3.791 metric tons of coffee worth UGX 4,549,200 was delivered 46 days later by the second defendant, who then disappeared. After notice and extensions granted, the first defendant advertised the property for sale in August 1997. The property was sold by private treaty in October 1998 for UGX 24,000,000 to a purchaser. The plaintiff resisted eviction for over four years and filed suit in December 1998 seeking declarations that the foreclosure was unlawful.
Issues
- Whether the plaintiff and the second defendant honoured their obligations under the mortgage.
- Whether the first defendant lawfully sold the security under the mortgage.
- What remedies are available to the parties.
Orders
- Plaintiff's case dismissed against both defendants.
- Plaintiff to hand vacant possession of Kyaddondo Block 15, plot 310 to first defendant within 14 days from date of judgment.
- Each party to meet its own costs.
Rules and key headnotes
Legislation cited (2)
- Mortgage Decree 1974 s.9
- Evidence Act s.102
Cases cited (1)
- J.K Patel v Spear Motors Ltd (Supreme Court Civil Appeal No. 4 of 1991)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.