Hasmani v National Bank of India Limited (Civ. App. No. 18 of 1938)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Court held that a principal is liable on a bill of exchange drawn per pro by his agent where the agent acted within the class of authorized business, notwithstanding that the particular transaction involved fraud and forged documents. The agent's authority to draw bills in satisfaction of debts and to operate on the principal's account included the drawing and discounting of this bill. The appellant was liable on the bill itself, on the resulting overdraft, and for money had and received to the use of the bank.
Outcome
Judgment for respondents on all three grounds: liability on the bill of exchange, balance of account, and money had and received
Facts
The appellant, a large exporter, constituted his son Esmail as his attorney with power to draw, accept and endorse bills of exchange in satisfaction of debts but with no power to sign accommodation bills. The son was also authorized to operate and overdraw on the appellant's account with the respondent bank. From September 1935 the attorney systematically obtained money from the bank by discounting bills drawn per pro the appellant against forged bills of lading for non-existent goods. The proceeds of each bill were credited to the appellant's account and used to meet the previous bill. On 2 February 1937 the attorney discounted a bill for £50,000 to meet a previous bill for £57,000. Days after the proceeds were credited and transmitted to London, the bank discovered the fraud. The bank debited the appellant's account with £50,000, resulting in a large debit balance. The bank sued on the bill, on the balance of account, and for money had and received.
Issues
- Whether the appellant was liable on a bill of exchange drawn per pro by his agent using forged shipping documents in respect of non-existent goods.
- Whether the agent acted within the actual limits of his authority when drawing and discounting the fraudulent bill of exchange.
- Whether the respondent bank was entitled to judgment on the balance of account following dishonour of the bill.
- Whether the proceeds of the bill were money had and received by the appellant to the use of the respondents.
Orders
- Appeal dismissed with costs.
- Cross-objection allowed with costs (if any have been incurred).
- Certified for two counsel.
Rules and key headnotes
Legislation cited (4)
- Bills of Exchange Ordinance 1931 (Tanganyika) s.25
- Bills of Exchange Ordinance 1931 (Tanganyika) s.51(4)
- Bills of Exchange Ordinance 1931 (Tanganyika) s.51(7)
- Indian Contract Act 1872 s.238
Cases cited (12)
- Citizens Life Assurance Co. v Brown (1904 AC 423)
- Lloyd v Grace Smith and Co. (1912 AC 716)
- Barwick v English Joint Stock Bank (1867) 2 Ex 259
- Houldsworth v City of Glasgow Bank (5 AC 326)
- Morison v London County and Westminster Bank Ltd (1914) 3 KB 356
- Mackay v Commercial Bank of New Brunswick (1874) 5 PC 394
- Swire v Francis (3 AC 106)
- Marsh v Keatinge (131 ER 1094)
- Reid v Rigby (1894) 2 QB 40
- Jacobs v Morris (1902) 1 Ch 816
- Woods v Thiedemann (158 ER 973)
- Banque du Congo Beige v H D Hasmani and Juma Khaki (Civil Appeals Nos. 17 and 19 of 1937)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.