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