Ssenyonjo and Another v Stanbic Bank Uganda Limited
Ssenyonjo and Another v Stanbic Bank Uganda Limited (civil suit no. 4/2015) [2015] UGCommC 298 (22 June 2015)
The court found that the plaintiffs, as illiterates, were not properly informed of the terms of the lease agreement, and the defendant failed to comply with the mandatory requirements of the Illiterates Protection Act. The documents were not translated or explained, and the defendant did not verify the plaintiffs' understanding. Consequently, there was no valid contract between the parties. The defendant's actions in impounding and selling the buses without proper notice were unlawful and in breach of the lease agreement. The contract was declared illegal and unenforceable, and the plaintiffs…
Source excerpt
- Finance Lease Agreements
- Illiterates Protection
- Contract Nullity
- Banking Liability
- Restitution
- Vat Refunds