alvic builders t ltd vs crdb bank plc 2023 tzhccomd 8 26 january 2023

Plaintiff failed to establish, on the balance of probabilities, that defendant made an offer to grant collateral-free loan; no implied contract existed between the parties.

Citation: alvic builders t ltd vs crdb bank plc 2023 tzhccomd 8 26 january 2023
Parties: Plaintiff: ALVIC BUILDERS (T) LIMITED; Defendant: CRDB BANK PLC
Court: TZHCCOMD
Jurisdiction: Tanzania
Judgment Date: 26 January 2023
Procedural Posture: Commercial / Final Judgment
Outcome: dismissed
Legal Topics: Implied Contract, Collateral Free Loans, Breach of Contract, Damages
Source Language: English

Contract Law Banking Law Implied Contract Collateral Free Loans Breach of Contract Damages

Case Brief

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Parties

ALVIC BUILDERS (T) LIMITED

Plaintiff

CRDB BANK PLC

Defendant

Procedural Posture

Commercial / Final Judgment

Legal Issues

1 Whether there was any contract between the plaintiff and the defendant
2 If so, what were the terms thereof
3 Whether the parties breached the terms

Ratio Decidendi

Plaintiff failed to establish, on the balance of probabilities, that defendant made an offer to grant collateral-free loan; no implied contract existed between the parties.

Court Disposition

dismissed

Orders

Suit dismissed with costs