Steel & Tube Industries v Mwesigwa Titus (High Court Civil Suit No. 446 of 2010)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Where a defendant issues cheques in payment for goods supplied on credit and those cheques are dishonoured, the plaintiff is entitled to judgment for the face value of the dishonoured cheques plus contractual interest at 3% per month from the date of dishonour to filing, and statutory interest thereafter. A cheque is an unconditional promise to pay and dishonour gives the holder an immediate right of recourse against the drawer.
Outcome
Judgment entered for plaintiff for UGX 47,098,000 with contractual and statutory interest
Facts
The plaintiff, a hardware supplier, sold goods on credit to the defendant over a period of time. The defendant received goods invoiced between March and May 2010 totalling UGX 59,796,500. The defendant issued four post-dated cheques drawn on Diamond Trust Bank to pay for the goods, totalling UGX 47,098,000. All cheques were dishonoured when presented for payment between June and August 2010, marked 'refer to drawer'. The credit terms provided for payment within two weeks and stipulated 3% monthly interest on outstanding amounts. The plaintiff notified the defendant of the dishonours and sent a demand letter in August 2010. The defendant filed a written statement of defence alleging payment in cash to cover the dishonoured cheques but failed to appear at trial.
Issues
- Whether the defendant is indebted to the plaintiff for goods supplied on credit and payment by dishonoured cheques.
- What remedies are available to the plaintiff.
Orders
- Judgment entered for the plaintiff.
- Defendant to pay UGX 47,098,000 being the face value of dishonoured cheques.
- Interest at 3% per month from August 2010 to December 2010.
- Interest at 8% per annum from date of filing suit to date of judgment.
- Interest at 21% per annum from date of judgment until payment in full.
- Costs of the suit awarded to the plaintiff.
Rules and key headnotes
Legislation cited (5)
Cases cited (3)
- Sembule Investments Ltd v Uganda Baati Ltd (Misc. Application No. 0664 of 2009)
- Kotecha v Mohammad [2002] 1 EA 112
- Maersk Uganda Ltd v First Merchant International Trading Ltd (Civil Suit No. 143 of 2009)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.