International Credit Bank Ltd v Celtel Ltd
International Credit Bank Ltd v Celtel Ltd (Miscellaneous Application 268 of 2002) [2002] UGCommC 30 (19 June 2002)
The court found that the service agreements were entered into by International Credit Bank Ltd, not by the individual directors, as evidenced by the manner of execution, the use of a commercial client form, a single customer number, and a single account. The alleged failure to comply with internal company execution requirements did not affect the validity of the agreements as far as third parties are concerned, due to the doctrine of ostensible authority. The applicant failed to raise any triable issue or defence against the respondent's claim. Consequently, leave to defend was denied and the…
Source excerpt
- Leave To Defend
- Company Contract Execution
- Ostensible Authority
- Internal Company Rules