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Mr. Lubega opened a savings account with Adendjok Bank Ltd. He deposited UGX 10,000,000 hoping it will earn him interest. Soon thereafter the bank invested the money on the security exchange and within six months earned an interest of 25% from the money. The bank then credited Mr. Lubega's account with UGX 50,000 as interest accrued. Mr. Lubega, who had insider information about the bank's investments, approached the bank ordering he bank to pay the whole 25% interest earned onto his account. He argued that the money on his account was his money and any earnings due to that investment should be wholly given to him.
Required:
With reference to the case of Foley vs Hill (1848), advise Mr. Lubega accordingly
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george jefferson established a trust fund that provides 174500 in scholarships each year in perpetuity for worthy
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