Lakha and Others Standard Bank of South Africa Ltd (Appeal No. 38 of 1927)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Privy Council held that a guardian had power to admit minor sons to the benefits of a partnership, and while minors could not be made personally liable for partnership obligations, their shares in partnership property were liable. The Court held that the managing partner had power under section 251 of the Contract Decree to execute a mortgage binding the firm. The widow's right to maintenance under Khoja custom did not give her a specific interest in any particular item of family property and was subject to general dealings with the estate by those in charge.
Outcome
Appeal dismissed; mortgage enforceable against partnership property including minors' shares
Facts
Bhaloo Lakha, an Ismailia Khoja, carried on business as a clove merchant in Zanzibar under the style Lakha Velani & Co. In 1913 he executed a deed of gift of all his property to his six sons and made a will appointing his eldest son Mahomedali as guardian of his minor children. He died in 1916, leaving six sons (two of whom were minors) and a widow. The business was carried on by three adult sons. In 1919 an equitable mortgage was executed in favour of the Standard Bank, and in 1921 a formal mortgage deed was executed by Husein Bhaloo Lakha, one of the managing partners, in the name of the firm. The mortgage covered a house in which the business was conducted. When the business encountered difficulties, the Bank sued to enforce the mortgage. The two sons who were minors at their father's death and the widow appealed.
Issues
- Whether a guardian had power to bind minor sons by admitting them to the benefits of a partnership.
- Whether minor partners' shares in partnership property were liable for the obligations of the firm.
- Whether the minors validly repudiated the partnership upon attaining majority.
- Whether the mortgaged house was part of the partnership assets.
- Whether a managing partner had power to execute a mortgage binding the firm under section 251 of the Contract Decree.
- Whether a widow's right to maintenance under Khoja custom gave her a specific interest in partnership property.
Orders
- Appeal dismissed.
- No order as to costs (appellants proceeding in forma pauperis).
Rules and key headnotes
Legislation cited (6)
- Contract Decree (Zanzibar) s.247
- Contract Decree (Zanzibar) s.248
- Contract Decree (Zanzibar) s.251
- Transfer of Property Decree
- Registration of Documents Decree
- Majority Decree Cap. 57
Cases cited (1)
- Asan Kani v Somarsundaram (1908) 31 Madras 206
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.