Property Law

Multi Constructors Limited v Uganda Commercial Bank ((Civil Appeal No.25 Of 1994)) [1996] UGSC 14 (3 March 1996);

Flynote: 

Search Summary: 

This was an appeal against judgment and decision of the High Court where the trail judge dismissed the case for the appellant. the appellant was indebted to the respondent and on failure to pay the debt, the respondent sold property of the appellant so as to recover the money, which the sale was contended by the appellant to have been null and void because the property was not available as security for the appellant’s indebtedness.

Headnote and Holding: 

The court found that the suit property was part of the assets that provided security for the discharge of the appellant’s liability, and that, the sale was valid and effectual.

 

Further, it was found that there was no evidence to establish malafides against the respondent in the process of sale, as it was contended by the appellant.

 

Accordingly, the appeal was dismissed with costs.

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