Bahati v Bamulanzeki
Bahati v Bamulanzeki (Civil Suit 742 of 2022) [2024] UGCommC 73 (31 January 2024)
The court found that the plaintiff proved payment of USD 6,000 to the defendant under a contract for forex trading, with a guaranteed 30% weekly return for 13 weeks. The claim for an additional USD 3,000 was rejected due to lack of corroborative evidence. The contract, though ambiguous on refund of principal, implied such an obligation through its terms and the officious bystander test. The defendant's failure to refund the principal and pay returns constituted a total failure of consideration, invoking principles of unjust enrichment. The plaintiff was entitled to recover the principal and a…
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- Contract Enforcement
- Investment Disputes
- Damages Assessment
- Interest Awards