Kensheka v Uganda Development Bank
Kensheka v Uganda Development Bank (Civil Suit No. 469 of 2011) [2015] UGCommC 67 (19 February 2015)
The court found that the plaintiff deposited UGX 84,000,000 on the defendant's account, but the evidence established that the payment was made as part of ABA Trade International's security margin under a trade finance facility, not as consideration for a truck purchase from the defendant. There was no contractual nexus or written agreement between the plaintiff and the defendant bank regarding the sale of trucks. The defendant bank was not enriched by the deposit, as the funds were applied to ABA Trade's obligations. The requirements for unjust enrichment were not met, as the defendant did no…
Source excerpt
- Unjust Enrichment
- Money Had And Received
- Trade Finance Facility
- Security Margin
- Bank Liability
- Equitable Estoppel