Uganda Development Bank Limited v Afro-Kai Ltd (Civil Appeal No. 15 of 2017)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Court of Appeal held that a binding contract existed and that the conditions precedent regulated performance within the contract, not before it. Bank of Uganda had neither approved nor denied the appellant's refinancing application; by unilaterally withdrawing that application the appellant prevented the very condition on which it relied, so revoking the term loan offer was an unjustified breach of contract. Frustration had not been pleaded and could not be raised. Special damages were specifically pleaded and proved, and costs were a matter of discretion, so both stood. General damages of UGX 150,000,000 were inordinately high given the short delay and the unfulfilled conditions, and were reduced to UGX 50,000,000. The appeal failed save on general damages.
Outcome
Appeal partly allowed: general damages reduced from UGX 150,000,000 to UGX 50,000,000; special damages and costs of the suit upheld
Facts
The respondent applied to the appellant bank for an agricultural credit facility of UGX 4,700,000,000 to expand its grain processing and trading business. The bank approved the application and split it into a term loan of UGX 3,732,559,200 and working capital of UGX 660,000,000. The respondent paid a loan application fee of UGX 100,000 and appraisal fees of UGX 13,200,000. By letter dated 6 November 2012 the bank made a conditional offer of the term loan, subject to Bank of Uganda's approval of the bank's refinancing application and to the respondent fulfilling conditions precedent including legal documentation and additional security. The bank applied to Bank of Uganda for refinancing. After correspondence and a meeting on 21 February 2013, Bank of Uganda raised issues, expressed dissatisfaction with the project's packaging, and offered the bank the options of withdrawing the application or leaving the file open. The bank withdrew the refinancing application and, by letter dated 18 April 2013, revoked the term loan offer, offering only the working capital, which the respondent rejected. The respondent sued for breach of contract.
Issues
- Whether the conditions in the conditional loan offer letter were to be performed during the pendency of the contract and not before its formation.
- Whether the appellant's revocation of the conditional term loan offer amounted to a breach of contract.
- Whether the trial court erred in awarding the respondent special damages of UGX 11,297,595.
- Whether the trial court erred in awarding the respondent general damages of UGX 150,000,000.
- Whether the trial court erred in awarding the respondent costs of the suit.
Orders
- The appeal fails on all grounds save ground 6, which partially succeeds.
- The award of general damages of UGX 150,000,000 is set aside.
- The respondent is awarded general damages of UGX 50,000,000 with interest at court rate from the date of judgment at the High Court until payment in full.
- The respondent is awarded 50% of the costs of the appeal.
Rules and key headnotes
Legislation cited (9)
- Contracts Act Cap 284 s.33
- Contracts Act Cap 284 s.35
- Contracts Act Cap 284 s.47(1)
- Contracts Act Cap 284 s.60(1)
- Contracts Act Cap 284 s.61
- Civil Procedure Act Cap 282 s.27(1)
- Civil Procedure Act Cap 282 s.27(2)
- Judicature (Court of Appeal Rules) Directions SI 13-10 r.30(1)(a)
- Court of Appeal Rules r.86(1)
Cases cited (13)
- Bank of Uganda v Banco Arabe Espanol [2002] 2 EA 833
- Christopher Kisembo & Provia Kisembo t/a Ishaka General Hardware v The Cooperative Bank (In Liquidation) (Civil Appeal No. 1 of 2018)
- Warid Telecom v Punch Telecom (Civil Appeal No. 95 of 2015)
- JK Patel v Spear Motors Limited (Civil Appeal No. 4 of 1991)
- Kifamunte Henry v Uganda (Criminal Appeal No. 10 of 1997)
- Fr. Narsensio Begumisa and Others v Eric Tibebaga (Civil Appeal No. 17 of 2002)
- Monday Eliab v Attorney General [2011] UGSC 12
- Omunyokol Akol Johnson v Attorney General (Civil Appeal No. 6 of 2012)
- SBI International Holdings AG Ltd v COF International Co. Limited (Civil Appeal No. 94 of 2014)
- Nakayiima and 3 Others v Nalumansi and 2 Others (Civil Appeal No. 111 of 2019)
- Robert Coussens v Attorney General (Civil Appeal No. 8 of 1999)
- Crown Beverages Ltd v Sendi (Civil Appeal No. 1 of 2005)
- Impresa Infortunato Federici v Irene Nabwire (Civil Appeal No. 3 of 2000)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.