20171027 TZHC Dar es Salaam
The plaintiff failed to prove that the Specimen Signature Card was forged or that the withdrawal mandate was 'Two to sign'; no evidence established fraud or conspiracy between the first and second defendants; the plaintiff, as a co-director and guarantor, is jointly and severally liable for the overdraft, but is entitled to a grace period for repayment and a refund from the first defendant for the amount withdrawn without his consent.
Source excerpt
- Overdraft facility
- Fraud
- Forgery
- Conspiracy
- Guarantee
- Joint and several liability