East African Estates Limited v Khalfan and Others (C.C. 126-30 (Mombasa).)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Where under an agreement to purchase land by instalments the purchaser is let into possession before full payment, interest is payable on unpaid instalments by virtue of the equitable rule applied through the Order-in-Council 1921 Article 4(2), notwithstanding the absence of an express contractual provision for interest.
Outcome
Judgment entered for plaintiff with interest on unpaid instalments and costs
Facts
By agreement dated 20 January 1928, the plaintiff company agreed to sell an estate at Gazi containing 2,126 acres to the defendants for Sh. 400,000, payable by instalments. Sh. 8,000 was paid on execution and Sh. 20,000 on 1 November 1928. The defendants were let into possession. The defendants failed to pay the instalment of Sh. 40,000 due on 1 November 1929 and the subsequent instalment due on 1 November 1930. The plaintiff sued to recover these instalments plus interest at 9 per cent per annum. The agreement contained no express provision for payment of interest on unpaid instalments. The defendants initially objected that the contract was void for want of mutuality but did not resist the claims for the principal amounts after seeing the documents. The defendants objected to the interest claim on the ground that the agreement made no mention of interest.
Issues
- Whether interest is payable on unpaid instalments of purchase price under an agreement for sale of land where the agreement makes no provision for interest but the purchaser has been let into possession.
Orders
- Judgment for the plaintiff company in each case for the instalment claimed.
- Interest awarded at 8 per cent per annum from the date each instalment fell due until judgment.
- Costs awarded to the plaintiff.
- Interest on the decretal amount at 6 per cent until payment.
Rules and key headnotes
Legislation cited (5)
- Order-in-Council 1921 Article 4(2)
- Transfer of Property Act s.55(4)(5)
- Civil Procedure Ordinance 1924
- Indian Contract Act
- Act XXXII of 1839
Cases cited (2)
- Ballard v Shaw (15 Ch D 122)
- General Manager of the Uganda Railway v Tarachand and Others (9 EALR 37)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.