MEGA MARKET (PVT) LTD v NEDBANK ZIMBABWE LTD 2019 (2) ZLR 142 (H)
Citation | 2019 (2) ZLR 142 (H) |
Case No | Judgment No. HMu-26-19 |
Court | High Court, Mutare |
Judge | Muzenda J |
Heard | 4 April 2019; 8 April 2019 |
Judgment | 12 April 2019 |
Counsel | G Sithole with N Nhambura, for the applicant |
Case Type | Urgent chamber application |
Annotations |
Flynote
Bank – customer – bank required to act on instructions and mandate of customers – bank purporting to apply retrospectively a new monetary policy currency exchange rate – no contractual provision allowing for this – legislation not having retrospective effect – debits from customer's account unlawful
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