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Harare High Court
CBZ Bank Limited v Eunigold Tours and Safaris and Eunice Tambudzai Mangwende and Mr Kandodo Mangwende
HH 493-13
Case Details
Court
Harare High Court
Date
18 December 2013
Citation
HH 493-13
Neutral Citation
[2013] ZWHH 493
Outcome
unknown
Case Type
Application
Bench
Presiding
MTSHIYA J
Full Bench
MTSHIYA J
Areas of Law
Banking lawCompany lawContract law
Keywords
Loan facilitiesDirectors' guaranteesSuretyshipCorporate personality
Tags
BankingLoan agreementsGuaranteesCorporate veil
legislation
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ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether a cause of action exists against directors who never signed guarantees required by loan agreements","issue_type":"procedural","dispositive":"yes","related_facts":"Loan agreements required directors' guarantees; guarantees were never signed"}
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background
Facts of the Case
Background
CBZ Bank Limited advanced loan facilities to Eunigold Tours and Safaris. The bank claimed payment from the company and its directors who allegedly guaranteed the loans. The directors excepted, arguing they never signed the guarantees.
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