ayubu samson sanga ta ayubu samson enterprises vs kcb t ltd 2023 tzhclandd 17281 18 december 2023
Both parties breached contract terms; plaintiff must repay loan but at agreed 21% interest, not 22%. Defendant breached by deducting repayments before grace period expired and charging excess interest. Defendant lawfully issued default notice and may sell mortgaged property if plaintiff defaults.
Source excerpt
- Loan agreements
- Mortgage enforcement
- Interest rate disputes
- Breach of contract
- Covid-19 impact on contracts