Lebel (E.A) Limited v Eclipse Limited (Civil Suit 1520 of 1986)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that where a purchaser buys property in another's name and provides all consideration, a resulting trust arises making the named transferee a trustee for the purchaser. Alphonse Odido was the beneficial owner of the suit property as he secured the loan, paid the purchase price, and repaid the loan while Eclipse Mercantile Ltd merely allowed use of its bank account. Eclipse Mercantile Ltd held the property on resulting trust for Odido. The re-transfer of the property by Eclipse Mercantile Ltd to Lebel (E.A.) Ltd was fraudulent and a breach of trust, ordered cancelled.
Outcome
Counterclaim granted; Alphonse Odido declared rightful owner; title to be registered in his name
Facts
Alphonse Odido (2nd defendant) leased Plot 65 Mobutu Road Makindye from Lebel (E.A.) Ltd on a yearly basis. In 1985, Lebel (E.A.) Ltd advertised the property for sale by auction. Odido offered to buy it. As he needed a loan and had no account with UCB, he arranged to channel the loan through Eclipse Mercantile Ltd, whose General Manager Gilbert Ochwada consented to this. UCB approved a loan of Shs. 50,000,000 to Odido, channelled through Eclipse Mercantile Ltd's account. Odido paid an additional Shs. 10,000,000 from his own funds. Lebel (E.A.) Ltd transferred title to Eclipse Mercantile Ltd with a mortgage to UCB. Odido personally repaid the loan. Later, Eclipse Mercantile Ltd re-transferred the property to Lebel (E.A.) Ltd. Lebel (E.A.) Ltd then sued Eclipse Ltd, but withdrew its claim when evidence showed the landlord had consented to the sale. Odido filed a counterclaim asserting he was the beneficial owner.
Issues
- Whether Alphonse Odido was the beneficial owner of the suit property despite legal title being in the name of Eclipse Mercantile Ltd.
- Whether Eclipse Mercantile Ltd held the suit property on resulting trust for Alphonse Odido.
- Whether the re-transfer of the suit property from Eclipse Mercantile Ltd to Lebel (E.A.) Ltd was fraudulent and in breach of trust.
Orders
- It is declared that the suit property belongs to Alphonse Odido who is the rightful owner.
- The transfer of the suit property from Eclipse Mercantile Ltd to Lebel (E.A.) Ltd is declared illegal, null and void, and is ordered to be cancelled as having been obtained fraudulently and illegally.
- Neither the plaintiff (Lebel E.A. Ltd) nor the 1st defendant (Eclipse Mercantile Ltd) shall interfere with Alphonse Odido's quiet possession of the house.
- After cancellation of Lebel (E.A.) Ltd from the register in respect of Block 21 Plot 63 Mobutu Road Makindye, the Chief Registrar of Titles is directed to register Block 21 Plot 63 Mobutu Road Makindye in the names of Alphonse Odido.
- No order as to costs.
Rules and key headnotes
Cases cited (5)
- Re Howes (1905) 21 TLR
- Hussey v Palmer [1972] 1 WLR 1286
- Prichard v Cartwright [1954] 3 All ER 649
- Brown Jenkinson & Co Ltd v Percy Dalton (London) Ltd [1957] 2 QB 621
- Re Astor's Will Trusts [1952] Ch 395
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.