JUDGMENT OF THE COURT
The 1st respondent on 10th April, 2008 initiated a suit in the High Court at Nairobi against the appellant and the 2nd respondent jointly. In the suit the 1st respondent claimed a sum of Kshs.7,493,047/- from the 2nd respondent, and order of specific performance compelling the appellant to forthwith pay a sum of Kshs.4,819,211/-, on behalf of the 2nd respondent and a similar order compelling the appellant to perform its obligations and/or honour the monthly repayment installments of Kshs.193,750/- to the 1st respondent until discharged in writing, costs and interest.
The suit was informed by the fact that the 1st respondent was a financier in the years 2004 and 2006 entered into various hire purchase agreement with the 2nd respondent pursuant to an undertaking given by the appellant to remit all installments to the 1st respondent on behalf of the 2nd respondent during the subsistence of the hire purchase agreements. Towards this end, the 1strespondent financed the …