Tibeingana and Co. Advocates and Anor v Warugaba (H.C.Miscellaneous Application No. 119 of 2020)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the applicants disclosed reasonable grounds of defence warranting leave to appear and defend the summary suit. The applicants asserted they were merely guarantors in a money lending transaction and denied the debt in its entirety, raising a triable issue as to the nature of the transaction and the applicability of the Contracts Act requirement that transactions exceeding twenty-five currency points be reduced to writing. The court found these matters constituted triable issues requiring a full hearing.
Outcome
Applicants granted leave to defend; matter to proceed to trial
Facts
The respondent advanced funds totalling UGX 86,500,000 to the applicants and a third party (Angela Kobel) for an investment scheme managed by the applicants from which the respondent was to earn monthly interest. The investment failed and the applicants executed memoranda of understanding undertaking to refund the money. Only UGX 16,000,000 was refunded, leaving an outstanding balance of UGX 70,500,000. The respondent commenced summary suit proceedings against the applicants and Kobel. The applicants applied for leave to appear and defend, contending they acted merely as guarantors for the third defendant and that the debt should be recovered from that party, not from them. They further argued that the guarantee was void ab initio as it was not reduced to writing as required by Section 10(5) of the Contracts Act 2010 for contracts exceeding twenty-five currency points.
Issues
- Whether the application raises triable issues for which the applicant should be granted leave to appear and defend Civil Suit 1046 of 2019.
Orders
- Application allowed.
- Applicants granted leave to appear and defend the summary suit.
- Applicants to file written statement of defence within fifteen days from the date of this ruling and serve the same on the respondents.
- Costs shall abide the outcome of the main suit.
Rules and key headnotes
Legislation cited (6)
Cases cited (5)
- Jimmy Kasule v Steel Rolling Mills (1995) 11
- Corporate Insurance Co. Ltd v Nyali Beach Hotel Ltd [1995-1998]
- Sembule Investments Ltd v Uganda Baati Ltd (M.A No. 664 of 2009)
- Makula Interglobal Trade Agency v Bank of Uganda (1985) HCB 65
- Miter Investments Ltd v East African Portland Cement Co. Ltd (M.A No. 0336 of 2012)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.