Lakha and Others v Standard Bank of South Africa Ltd (Privy Council 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 house was found to be a partnership asset. A managing partner had power under section 251 of the Contract Decree to execute a mortgage binding the firm. A widow's right to maintenance under Khoja custom did not give her a specific interest in particular property and was subject to general dealings with the estate by those in charge.
Outcome
Judgment of Court of Appeal for Eastern Africa affirmed; mortgage enforceable against partnership property including minors' shares
Facts
Bhaloo Lakha, an Ismailia Khoja, carried on a clove merchant business in Zanzibar under the name Lakha Velani & Co. In 1908 he acquired as separate property the house in which the business was conducted. In 1913 he executed a deed of gift of all his property to his six sons and made a will declaring he had no property, appointing his eldest son Mohomedali as guardian of his minor children. He died in October 1916, leaving six sons, two of whom were minors, and a widow. The business continued under management of three adult sons. In September 1919 an equitable mortgage of the house was deposited with the Standard Bank as security. In February 1921, on the Bank's request for enforceable security, a formal mortgage was executed by Hussein Bhaloo Lakha, one of the managing sons, signing for the firm. The business encountered difficulties and the Bank sued in 1922 to enforce the mortgage against all six sons and the widow.
Issues
- Whether minor sons became partners in their father's business before or upon his death and whether their shares in partnership property were liable for partnership obligations.
- Whether the house in which the business was carried on was part of the partnership assets.
- Whether one managing partner had power to execute a mortgage of partnership property so as to bind the firm.
- Whether a widow's right to maintenance under Khoja custom gave her a specific interest in particular items of family 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 Somarsundarum (1908) 31 Madras 206
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.