PRESTIGE CHEMICALS GH. LTD vs. MCS INT. LIMITED [2019]DLHC9000

Date	2019-03-13
Suit No.	SUIT NO. IRL 33/14
Citation No.	[2019]DLHC9000

HIS LORDSHIP EMMANUEL AMO YARTEY (J)

OPOKU BOATENG FOR THE PLAINTIFF

MAXWELL LOGAN FOR DEFENDANT

[2019]DLHC9000
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													<main id="main" class="content" style="min-height: 60rem" >PRESTIGE CHEMICALS GH. LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>MCS INT. LIMITED<o:p></o:p>(DEFENDANT)<o:p></o:p><span style="font-size:10.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:Calibri;
mso-fareast-theme-font:minor-latin;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-bidi-theme-font:minor-bidi"><o:p>&nbsp;</o:p>[HIGH COURT
(LAND COURT 7), ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

SUIT
NO. IRL 33/14&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:
13TH MARCH, 2019<o:p></o:p>

</div>COUNSEL:<o:p></o:p>OPOKU BOATENG FOR THE
PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

MAXWELL
LOGAN FOR DEFENDANT <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;
padding:0cm 0cm 1.0pt 0cm">

<p class="MsoNormal" style="margin-top:0cm;margin-right:0cm;margin-bottom:0cm;
margin-left:144.0pt;margin-bottom:.0001pt;text-indent:-144.0pt;line-height:
115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;
mso-padding-alt:0cm 0cm 1.0pt 0cm">HIS
LORDSHIP EMMANUEL AMO YARTEY (J)<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;
padding:0cm 0cm 1.0pt 0cm">

</div>The
case of the Plaintiffs as captured by their Amended Statement of Claim dated
the 26th day of June, 2014 is that at all material times they were
engaged in the manufacture of plastic products.<o:p></o:p><o:p>&nbsp;</o:p>And that the Plaintiff was importing the raw materials for
its production from the Defendant under a supplier’s credit.<o:p></o:p><o:p>&nbsp;</o:p>The credit supplies were covered by a credit guarantee
insurance policy taken by the Defendant.<o:p></o:p><p class="MsoNormalCxSpMiddle" style="margin-top:0cm;margin-right:0cm;margin-bottom:
0cm;margin-left:72.0pt;margin-bottom:.0001pt;mso-add-space:auto;text-align:
justify;text-indent:-72.0pt;line-height:115%"><o:p>&nbsp;</o:p>Plaintiff defaulted in repaying for the goods supplied to it
by Defendant and the parties in a bid to resolve the problem of non-payment
entered into an agreement dated 22nd November, 2003 under which
Plaintiff transferred two properties, shed numbers 2 and 3 to the Defendant in
partial satisfaction of the debt.&nbsp; <o:p></o:p><p class="MsoNormalCxSpMiddle" style="margin-top:0cm;margin-right:0cm;margin-bottom:
0cm;margin-left:72.0pt;margin-bottom:.0001pt;mso-add-space:auto;text-align:
justify;text-indent:-72.0pt;line-height:115%"><o:p>&nbsp;</o:p>The parties placed a value of US$80,000.00 on the two sheds,
and as Plaintiff was then owing Defendant US$130,000.00 Plaintiff was left with
an outstanding balance of US$50,000.00 to pay to the Defendant.<o:p></o:p><p class="MsoNormalCxSpMiddle" style="margin-top:0cm;margin-right:0cm;margin-bottom:
0cm;margin-left:72.0pt;margin-bottom:.0001pt;mso-add-space:auto;text-align:
justify;text-indent:-72.0pt;line-height:115%"><o:p>&nbsp;</o:p>The Defendant, who was to receive shed number 2, measuring 100ft
by 50ft and shed number 3 measuring 50ft by 20ft actually took shed number 2 of
100ft by 50ft and shed number 3 of 50ft by 50ft; thus taking an additional
space of 50ft by 30ft than what was negotiated and agreed by both parties in
the November, 2003, agreement.<o:p></o:p>