Lobo v Baganda Butchers, Limited and Others
Lobo v Baganda Butchers, Limited and Others (Civil Appeal No. 6 of 1947) [1947] EACA 3 (1 January 1947)
The Court of Appeal for Eastern Africa upheld a trial court’s reduction of interest on a promissory note, holding that 48% per annum was harsh and unconscionable.
- Promissory Note
- Interest Rate Disputes
- Unconscionable Contracts
- Judicial Discretion
- Money Lending Practices
- Promissory-notes