J U D G M E N T
The parties herein are two companies which deal in gold. The defendant Company has license to purchase and export Gold whilst plaintiff is yet to acquire license to export Gold. The defendant Company therefore exports Gold on behalf of the plaintiff, consequently the plaintiff usually advanced money to the defendant Company for this purpose. The plaintiff claim the defendant has refused to purchase 9.5 kilograms of Gold for which an amount of $316,945.00 is being held by the defendant Company, and therefore instituted this action for the following reliefs;
a. An order for the recovery of sum of US$ 316,945.00 being money paid by the plaintiff to the defendant for the purchase of gold.
b. Interest on the said sum from February 2009, till date of final payment.
c. General damages for breach of contract.
CASE OF THE PLAINTIFF
It is the case of the plaintiff that it gave $85,000 and $112,900.0 to the defendant in two separate transactions totaling US$197,900.0 f…