TANINK GHANA LIMITED vs. SIC FINANCIAL SERVICES LTD [2019]DLCA6920

Date	2019-07-17
Suit No.	CIVIL APPEAL SUIT NO. H1/33/2019
Citation No.	[2019]DLCA6920

P. K. GYAESAYOR JA (PRESIDING)

AVRIL LOVELACE- JOHNSON JA

AMADU TANKO JA

NANA BANYIN ACKON FOR APPELLANT

DESMOND NII ADAMA SACKEY FOR RESPODENT

[2019]DLCA6920
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													<main id="main" class="content" style="min-height: 60rem" >TANINK GHANA
LIMITED<o:p></o:p>(PLAINTIFF/RESPONDENT)<o:p></o:p>vs.<o:p></o:p>SIC
FINANCIAL SERVICES LTD<o:p></o:p>(DEFENDANT/APPELLANT)<o:p></o:p><o:p>&nbsp;</o:p>[COURT OF APPEAL, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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CIVIL
APPEAL SUIT NO. H1/33/2019 &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 JULY, 2019<o:p></o:p>

</div>COUNSEL:
<o:p></o:p>NANA
BANYIN ACKON FOR APPELLANT<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">

DESMOND
NII ADAMA SACKEY FOR RESPODENT<o:p></o:p>

</div>CORAM: <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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P.
K. GYAESAYOR JA (PRESIDING), AVRIL LOVELACE- JOHNSON JA, AMADU TANKO JA<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%;mso-outline-level:1;border:none;mso-border-bottom-alt:
solid windowtext 1.5pt;padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">JUDGMENT<o:p></o:p>

</div>GYAESAYOR, JA<o:p></o:p>The
Defendant/ Appellant herein being dissatisfied with the Judgment of the High
Court (Commercial Division) delivered on the 15th day of June, 2017
in favour of the Plaintiff/ Respondent herein have filed the instant appeal. In
this appeal the Defendant/ Appellant shall be referred to as the Defendant and
the Plaintiff/ Respondent shall be referred to as the Plaintiff.<o:p></o:p>BACKGROUND FACTS<o:p></o:p>The
Plaintiff herein on the 12th day of March, 2013 issued a Writ of
Summons and its accompanying Statement of Claim against the Defendant herein
for the following reliefs;<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Payment of the sum of One
million and five thousand and sixty three United States Dollars and forty nine
cent (USD 1,005,063.49) being the amount due and owing the Plaintiff by the
Defendant which the Defendant has failed to pay since December, 2012.<o:p></o:p><o:p>&nbsp;</o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">b)&nbsp;&nbsp;&nbsp;&nbsp;
An order to the Defendant
to perform all its obligations to the Plaintiff under the agreement for the
sale of the cars to the Defendant.<o:p></o:p><o:p>&nbsp;</o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Current bank rate interest
on (a) above from October, 2012 until the final payment.<o:p></o:p><o:p>&nbsp;</o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">d)&nbsp;&nbsp;&nbsp;&nbsp;