JUDGMENT MWAJI GROUP LTD VS CRDB BANK
The consent judgment was set aside on the ground of fraud because the 3rd defendant, who signed the deed of settlement on behalf of the plaintiff, was not a director, secretary, or principal officer duly authorized to bind the company. There was no evidence of authority, and acts by unauthorized persons cannot bind the company. Fraud was thus established, rendering the consent judgment void ab initio.
Source excerpt
- Consent judgment
- Fraud
- Company representation
- Authority of company officers
- Setting aside judgments