Q8 OIL (GH) COMPANY LTD vs. AFRICAN LINK CONSUL, EQUITY ASSURANCE LIMITED [2017]DLHC11939

Date	2017-05-26
Suit No.	SUIT NO. AC /471/2013
Citation No.	[2017]DLHC11939

HER LADYSHIP JUSTICE PATIENCE-MILLS TETTEH.

KWAME ASARE BEDIAKO FOR PLAINTIFF

KWASI BLAY FOR DEFENDANTS

[2017]DLHC11939
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Q8 OIL (GH) COMPANY LTD<o:p></o:p>

(PLAINTIFF)<o:p></o:p>

vs.<o:p></o:p>

<a name="_heading=h.gjdgxs"></a>AFRICAN
LINK CONSUL, EQUITY ASSURANCE LIMITED<o:p></o:p>

(DEFENDANTS)<o:p></o:p>

[HIGH
COURT, ACCRA]<o:p></o:p>

SUIT
NO. AC /471/2013&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DATE: 26TH&nbsp;MAY 2017<o:p></o:p>

</div>

COUNSEL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>

KWAME ASARE BEDIAKO
FOR PLAINTIFF <o:p></o:p>

</div>

CORAM<o:p></o:p>

HER LADYSHIP JUSTICE PATIENCE-MILLS TETTEH<o:p></o:p>

JUDGMENT<o:p></o:p>

</div>

The
plaintiff entered into a contract of sale agreement with the 1st
defendant for the supply of petroleum products. Under the terms the plaintiff
was given a GHC300, 000.0 credit facility. The
credit facility was secured by an
Insurance Performance Bond signed between the 2nd defendant and the 1st defendant. The performance bond covered supply of petroleum products
to the same amount as the
credit facility. The insurer
was therefore bound to pay default in payment of credit threshold of GHC300,
000.0.<o:p></o:p>

On
the 25th of April 2013, the plaintiff filed an action against both
the purchaser and the guarantor
(insurance Company) jointly and severally claiming the following reliefs;<o:p></o:p>

<span style="font-size:12.0pt;mso-bidi-font-size:16.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;;mso-font-width:99%">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An
order compelling the defendants to pay forthwith to the plaintiff the sum of
GHC106, 899.60, the total amount due the plaintiff as at January 18, 2013.<o:p></o:p>

<span style="font-size:12.0pt;mso-bidi-font-size:16.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;;mso-font-width:99%">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest
on the said sum of GHC106, 899.60 at the prevailing commercial rate from 18th
January, to date of final payment.<o:p></o:p>

<span style="font-size:12.0pt;mso-bidi-font-size:16.0pt;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-font-width:99%">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Damages for breach of contract<o:p></o:p>

<span style="font-size:12.0pt;mso-bidi-font-size:16.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;;mso-font-width:99%">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solicitors
cost calculated at twenty (20) % of the amount due and owing.<o:p></o:p>

&nbsp;