TF FINANCIAL SERVICES vs. FBY PHARMACEUTICALS & ANOR [2018]DLHC3748

Date	2018-04-17
Suit No.	SUIT NO.RPC/49/17
Citation No.	[2018]DLHC3748

ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT

KAREN WOBIL FOR PLAINTIFF

MICHAEL NII AMUI AMUI FOR 1ST AND 2ND DEFENDANTS

FRANCIS ACHEAMPONG FOR 4TH DEFENDANT

[2018]DLHC3748
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													<main id="main" class="content" style="min-height: 60rem" >TF FINANCIAL SERVICES<o:p></o:p>vs.<o:p></o:p>FBY PHARMACEUTICALS
&amp; ANOR<o:p></o:p>&nbsp;[HIGH COURT (COMMERCIAL
DIVISION), KUMASI]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

SUIT NO.RPC/49/17&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; &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: 17TH
APRIL, 2018<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>KAREN WOBIL FOR PLAINTIFF<o:p></o:p>MICHAEL NII AMUI AMUI FOR
1ST AND 2ND DEFENDANTS <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

FRANCIS
ACHEAMPONG FOR 4TH DEFENDANT<o:p></o:p>

ANGELINA
MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT<o:p></o:p>

RULING<o:p></o:p>

</div>It
is provided under section 4 (1) (b) of the Limitations Act 1972, NRCD 54 that:<o:p></o:p>4.&nbsp;&nbsp; Actions barred after six years <o:p></o:p>(1)&nbsp;
A person shall not bring an action after the expiration of six years
from the date on which the cause of action accrued, in the case of<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; an action founded on
simple contract.<o:p></o:p>It
is also provided under section 19 (1) (a) of NRCD 54 that:<o:p></o:p>19.&nbsp;&nbsp;
Fresh accrual on part payment <o:p></o:p>(1)&nbsp;
For the purposes of this Act, the right of action accrued on, and not
before, the date of the payment,<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; where a right of action has accrued to
recover a debt, and the person liable for the debt makes a payment in respect
of the debt; but for the debt for the purposes of this provision payment of
interest in whole or in part shall be treated as a payment in respect of the
principal debt.<o:p></o:p>BACKGROUND FACTS.<o:p></o:p>The
Plaintiff is a Limited Liability Company which grants business and consumer
loans. The 1st Defendant is a Registered Pharmaceutical Company who
is alleged to have taken a loan of GHC 11,200.00 from the Plaintiff in May,
2010, for the supply of Pharmaceutical Products to the 4th Defendant,
who undertook to issue cheques for payment in the joint names of the Plaintiff and
1st Defendant, but failed to do so. The said loan was allegedly guaranteed
by the 2nd and 3rd Defendants. On 28/04/2017, the Plaintiff
instituted the instant action against all the Defendants to recover the sum of
GHC 369,801.54 said to be the balance outstanding as at January, 2017. <o:p></o:p>The
1st and 2nd Defendants filed their statement of defence
on 06/06/2017, and averred in paragraph 10 thereof that the Plaintiff’s action
is statute barred. The particulars of Limitation given by the 1st
and 2nd Defendants are:<o:p></o:p>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;That
the debt became due for repayment in September 2010.<o:p></o:p>b)&nbsp;&nbsp;&nbsp;&nbsp;
That since September 2010 the Plaintiff has
not made any demand for repayment until issuing this writ.<o:p></o:p>c)