Bank of Uganda v Masaba and Others
Bank of Uganda v Masaba and Others (Civil Appeal 23 of 1997; Civil Appeal 45 of 1997) [1998] UGCA 47 (28 April 1998)
The Court of Appeal held that the Bank of Uganda, through its Governor, made clear representations in its circular that housing loans would not be deducted from the voluntary retirement package, inducing employees to retire early. This representation was either knowingly false or made recklessly without ascertaining the Bank's ability to fulfill it, amounting to negligent misrepresentation actionable at law. The respondents relied on this promise to their detriment, forming a binding contract upon acceptance and retirement. The Bank's subsequent deduction of housing loans constituted a breach…
Source excerpt
- Voluntary Retirement Scheme
- Negligent Misrepresentation
- Breach Of Contract
- Employment Termination Benefits
- Damages Assessment
- Promissory Estoppel