| dc.description |
The appellant is a limited liability company incorporated in Tanzania.
It operates a current account No. 0140017542201 with the respondent
bank at its City Branch. On 2ih February, 2008, the appellant received
cheque No. 000003 drawn by Ms J.O Investment Company Limited, for the
sum of Shs 250,320,000/= which was deposited in the said account on the
same day. Initially the cheque was returned to the payee with the
endorsement "Confirmation of the Drawer Required". On 5th March, 2008
the cheque was redeposited. On the 10th March, 2008, the appellant drew
requisition for a banker's cheque in favour of the respondent in the sum of
Shs 250,000,000/=. The cheque was however dishonored with the
endorsement "effects not cleared". |
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