MADONDO NO v ZIMBANK 2008 (1) ZLR 102 (H)
Citation | 2008 (1) ZLR 102 (H) |
Case No | Judgment No. HH-4-08 |
Court | High Court, Harare |
Judge | Garwe JA |
Heard | 4 April 2006; 15 February 2007; 15 November 2007 |
Judgment | 30 January 2008 |
Counsel | Mutangamira & Associates, applicant's legal practitioners |
Case Type | Opposed application |
Annotations | No case annotations to date |
Flynote
Bank — overdraft — when an overdraft can be said to have been agreed upon — bank continuing to honour client's cheques even when insufficient funds stood in client's account — bill deposited as security for overdraft — bank not entitled to negotiate bill
Insolvency — undue preference — disposition made in ordinary course of business — what is — bank belatedly insisting on security for overdraft and then securing only a fraction of amount lent — bank not entitled to liquidate security
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