Bukenya v DFCU Bank Ltd & Anor
Bukenya v DFCU Bank Ltd & Anor (Civil Suit No. 267 of 2015) [2016] UGCommC 50 (10 June 2016)
The court held that the plaintiff's cause of action for breach of contract and for compensation for deprivation of property is barred by the statute of limitation, as these claims were brought more than six years after the cause of action arose. The mortgage agreement, though not executed in the prescribed statutory form, remains a binding contract between the parties, and any alleged illegality in its execution cannot be relied upon by the plaintiff to found a cause of action. However, the claim for cancellation of the second defendant's title and reinstatement of the plaintiff as registered…
Source excerpt
- Statute Of Limitation
- Mortgage Agreements
- Fraudulent Transfer Of Property
- Cancellation Of Title
- Recovery Of Land