Shire Petroleum Company Limited v Wamala and 2 Others (Civil Suit 487 of 2012)
Observed later treatment
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Holding
Held that the 3rd defendant bank breached its contractual obligation to release the certificate of title after the plaintiff deposited the agreed sum of Ugx 100,000,000/= as security. A tripartite enforceable contract arose when the bank accepted the plaintiff's deposit in exchange for agreeing to release the mortgaged title. The bank's refusal to release the title after receiving the deposit and appropriating the funds constituted breach of contract and betrayal of trust. Specific performance ordered requiring the bank to release the certificate of title to enable completion of the land sale transaction.
Outcome
Judgment entered for plaintiff. 3rd defendant bank ordered to release certificate of title immediately and pay damages totalling Ugx 140,000,000/= plus interest at 25% per annum from judgment date until full payment.
Facts
The plaintiff company agreed to purchase mortgaged land (Plot 565 Block 107 Mengo Kyadondo) from the 1st defendant. The land was mortgaged by the 2nd defendant to the 3rd defendant bank as security for a loan facility. Before purchasing, the 2nd defendant wrote to the bank requesting release of the title upon deposit of Ugx 100,000,000/=. The bank responded in writing agreeing to release the title upon deposit of that sum and creation of a fresh mortgage to reflect the new security position. The plaintiff and 1st defendant executed a sale agreement on 3 April 2012. The plaintiff deposited Ugx 100,000,000/= on the 2nd defendant's account held with the 3rd defendant bank as agreed. Despite receiving the deposit and the fulfillment of the monetary condition, the 3rd defendant bank refused to release the certificate of title or create the fresh mortgage as promised. The bank claimed the account was overdrawn and conditions for release had not been fulfilled, though bank statements showed sufficient funds remained after the deposit.
Issues
- Whether the 1st defendant breached the terms of the sale agreement entered into with the plaintiff when they failed to fulfill all the conditions set by the 3rd defendant for the release of the title deed to the plaintiff.
- Whether the 3rd defendant is under obligation to hand over the certificate of title to the suit land to the plaintiff.
- Whether the plaintiff is entitled to the remedies sought.
Orders
- The 3rd defendant bank is under obligation to release the certificate of title for plot 565 block 107 Mengo Kyadondo to both the 1st and 2nd defendants and the plaintiff with immediate effect, to enable them to finalise any outstanding obligations in relation to the sale transaction.
- An award of general damages of Ugx 120,000,000/= is granted to the plaintiff, payable by the 3rd defendant bank.
- Punitive damages of Ugx 20,000,000/= are awarded to the plaintiff in atonement for delay and inconvenience occasioned through the high handed actions of the 3rd defendant bank.
- Interest at commercial rate of 25% is payable per annum, in respect of the punitive and general damages as awarded, from date of delivery of this judgment till payment is made in full.
- The 3rd defendant shall pay costs of this suit.
Rules and key headnotes
Legislation cited (9)
Cases cited (12)
- William Kasozi v DFCU Bank Ltd (Civil Suit No. 1326 of 2000)
- Haruna Semakula v Stanbic Bank (U) Ltd (Civil Suit No. 423 of 2009)
- David Sejjaka Nalima v Rebecca Musoke (Supreme Court Civil Appeal No. 12 of 1985)
- Dawson Bank Ltd vs Japan trading cotton co. [1935] AIRPC 79
- Namyalo Josephine v National Curriculum Development Centre (Civil Suit No. 122 of 2008)
- Ronald Kasibante v Shell Uganda Ltd (Civil Suit No. 542 of 2006)
- Kitaka and 12 Others v Mohamood Thobani (Court of Appeal No. 20 of 2021)
- J.K Patel v Spear Motors Ltd (Civil Appeal No. 4 of 1991)
- Storms versus Hutchison (1905) AC
- Assist (U) Ltd v Italian Asphalt and Haulage & Another (Civil Suit No. 1291 of 1999)
- Uganda Commercial Bank Vs Deo Kigozi [2002] EA 293
- Lubowa Gardens Ltd and Mr. T-Shirt (U) Ltd v Equity Bank Ltd (Civil Suit No. 111 of 2013)
Cases citing this judgment (1)
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.