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Commercial And Corporate [1999] UGSC 8

General Industries (U) Ltd v Non. Performing Assets Recovery Trust

General Industries (U) Ltd v Non. Performing Assets Recovery Trust (Civil Appeal 5 of 1998) [1999] UGSC 8 (12 January 1999)

The Supreme Court held that extrinsic evidence could be used to identify the true consideration for a mortgage, finding UCB’s forbearance supported the mortgage.

  • Mortgage Consideration
  • Extrinsic Evidence
  • Contract Interpretation
  • Debt Assignment
  • Forbearance As Consideration
  • Mortgage-consideration
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