Equator Sawmills Ltd v Patel (C.A. 16-1933.)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
A formal guarantee document can cover goods supplied before its execution where evidence shows the real agreement was entered into prior to supply and the formal document merely confirms that earlier agreement. Here, correspondence and conduct in October-November 1929 established the respondent's agreement to guarantee payment for timber before December 1929 delivery. The January 1930 formal guarantee confirmed the pre-existing agreement. The deposit of title-deeds constituted a valid equitable mortgage as the consent requirement had been repealed by the deposit date.
Outcome
Matter remitted to High Court for determination on the merits with findings that respondent liable for timber supplied in December 1929 and that deposit constituted valid equitable mortgage
Facts
Appellants supplied timber to respondent's husband in December 1929. In October-November 1929, the husband sought credit and offered security. Respondent sent title-deeds worth Sh. 20,000 to appellants through her husband as agent, with correspondence indicating willingness to guarantee payment for timber to be supplied. On 18 January 1930, respondent executed a formal guarantee document for up to Sh. 10,000. No timber was supplied after the formal guarantee. Appellants sued for the price of the December 1929 timber. Trial judge held respondent not liable as the guarantee post-dated the supply. Respondent's evidence confirmed she approved sending title-deeds as security for goods to be supplied and regarded her husband as her agent in the transaction.
Issues
- Whether a guarantee executed in January 1930 covered timber supplied in December 1929 prior to the formal guarantee document.
- Whether the respondent's conduct and correspondence in October-November 1929 constituted an agreement to guarantee payment for timber to be supplied.
- Whether the deposit of title-deeds constituted a valid equitable mortgage.
Orders
- Appeal allowed.
- Case remitted to High Court for determination on the merits.
- Appellant awarded costs of the appeal and costs in the Court below.
- Costs of the hearing on the merits to follow the event.
- Appellant not permitted to adduce evidence on Issues 4 and 5 at the hearing.
Rules and key headnotes
Legislation cited (3)
- Tanganyika Appeals to the Court of Appeal Ordinance s.9
- Land Regulations 1920 clause 2
- Land Regulations 1926
Full judgment
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