DEAD MEN DON’T CONTRACT

 DEAD MEN DON’T CONTRACT.

The Uganda currency notes have features as advertised and or publicized before they are issued. Of all the features, the signatures found on the notes represent the issuing authority which in this case is Bank of Uganda.

It means that if there is some issue say proof of forgery of a signature on some notes found in possession by an individual, the signatories on those notes can be called upon to testify.

What Bank of Uganda should tell Ugandans is that following the death of the Governor, notes indeed will continue in circulation with the signature of the signatory who is alive, and will gradually get phased out as they get old.

It is true that withdrawing all currency notes with Late Prof. Mutebile’s signature would be very expensive for the country given the printing costs.

So, the Bank needs to communicate that true, one signatory is dead, but for the time when the notes remain physically okay (not mutilated) they will remain legal tender and should be accepted in business transactions until such a time when all of them are mutilated and phased out.

Remember: Dead men don’t contract.