PrescriptionAbsolution from the instanceContract variationDiscount rateDamagesArbitrationDebt due
Tags
Contractual disputePrescriptionAbsolution from the instanceDiscount rate variationDamages claim
legislation
Statutes Cited
Prescription Act
Prescription Act
Prescription Act
Prescription Act
Prescription Act
ai analysis
Case Summary
Key Issues
{"issue_text":"Whether the issue of prescription was properly before the court","issue_type":"procedural","dispositive":"yes","related_facts":"Prescription pleaded by amendment; admitted at pre-trial conference"}
{"issue_text":"Whether the appellants' claim had prescribed","issue_type":"mixed","dispositive":"yes","related_facts":"Debt became due March 2012; claim instituted June 2016; no interruption by arbitration"}
{"issue_text":"Whether there was sufficient basis to grant absolution from the instance","issue_type":"procedural","dispositive":"yes","related_facts":"No evidence of agreement renewal; no proof of quantum"}
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background
Facts of the Case
Background
The appellants appealed against a High Court decision that granted absolution from the instance in their counterclaim against Delta Zimbabwe. The counterclaim alleged breach of contract regarding unilateral reduction of discount rate from 5% to 2.6% and sought damages of US$705,982.17. The High Court found the claim had prescribed and quantum was not proved.
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