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Harare High Court
CBZ Bank Limited v Moses Tsorai
HH 502-18
Case Details
Court
Harare High Court
Date
5 September 2018
Citation
HH 502-18
Neutral Citation
[2018] ZWHH 502
Outcome
unknown
Case Type
Trial
Bench
Presiding
CHAREWA J
Full Bench
CHAREWA J
Areas of Law
Banking LawContract LawProperty Law
Keywords
Loan agreementMortgage bondIn duplum ruleInterest cappingBank chargesOverdraft
Tags
BankingLoan AgreementMortgage BondIn Duplum RuleInterest Calculation
legislation
Statutes Cited
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ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether defendant is liable to plaintiff in the amount claimed of $85,773.69","issue_type":"mixed","dispositive":"yes","related_facts":"Total withdrawals $43,192.89; payments $4,098.10; in duplum rule application"}
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background
Facts of the Case
Background
CBZ Bank Limited sued Moses Tsorai for $85,773.69 arising from multiple loan agreements secured by mortgage bonds. The defendant initially disputed the loans but admitted liability at trial, contesting only the quantum. The court had to determine the correct amount owed considering the in duplum rule.
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