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GOLD COAST INDUSTRIAL DEVELOPMENT CORPORATION
V.
DUNCAN

(1959) JELR 69002 (CA)

Court of Appeal 21 Dec 1959 Ghana
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- The plaintiffs are seeking repayment of a loan, totaling £4,590.14s.2d, from the defendant. - The loan agreement, dated August 25, 1952, stipulated specific repayment dates. - The defendant's defense is based on an alleged breach of a sep

Case Details

Judges:KORSAH C.J.,VAN LARE J.A. ,GRANVILLE SHARP J.A.
Other Citations:[1959] GLR 444 - 452, [1959] GLR 444

GRANVILLE SHARP J.A.: The plaintiffs’ claim is for money lent by plaintiffs to defendant at his request, together with interest thereon and attendant expenses specified in the particulars, altogether amounting to £4.590. 14s. 2d.

The basis of the plaintiffs’ claim is an agreement in writing between the parties dated 25th August, 1952. Amongst other provisions the agreement stipulates specific dates upon which periodic repayments of the loan and interest should be made. It is not in dispute that at the date the writ was issued no repayment had been made, and by the date of the trial the whole sum was due and payable, as the last date for payment had passed.

The only defence to this claim is an averment on behalf of the defendant that the plaintiffs had committed a breach of their contract or agreement with the defendant to finance the defendant’s cassava business or project, and are not entitled to claim the said sum of £4,590: 14s: 2d, or any part thereof. This averment, as appears from…

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