Habre International (K) Ltd v Bagalaaliwo
Habre International (K) Ltd v Bagalaaliwo (Civil Suit No. 468 of 2006) [2017] UGHCLD 11 (15 February 2017)
The court found that the transaction between the plaintiff and defendant was a valid sale, not a loan, with full consideration paid and proper execution of the transfer form, including company seal and attestation by the plaintiff's lawyer. The allegations of fraud were unsupported by evidence, and the director had actual authority to transact on behalf of the company. The plaintiff had locus at the time of the transaction, and any internal company matters regarding the seal or attestation could not be used to invalidate the transfer. The counterclaimant was entitled to mesne profits for wron…
Source excerpt
- Fraud In Land Transactions
- Company Director Authority
- Transfer Of Title
- Mesne Profits
- Company Seal And Attestation
- Locus Standii