Nile Bank (U) Ltd v Bakunda (U) Ltd (Civil Suit No. 600 of 1992)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the application for leave to defend, holding that lack of Board authorisation is an internal company matter that does not affect an outsider dealing with a managing director who appeared to have authority. Under company law principles of apparent authority and the presumption that things are done rightly, the company is bound by the acts of its managing director within his apparent authority. Irregularities in internal management do not create a triable issue justifying leave to defend.
Outcome
Summary judgment entered for the plaintiff; defendant's application for leave to defend refused
Facts
The plaintiff bank brought a summary suit against the defendant company for monies owed. The defendant's managing director, James Barya, had opened an account with the plaintiff bank in the company's name and drew cheques on that account. The defendant applied for unconditional leave to defend on grounds that: (1) the action was improperly instituted; (2) it did not owe the claimed sum; and (3) the company's Board had not sanctioned the transaction and no records existed to that effect. The defendant's case rested on the assertion that the managing director acted without Board authorisation, making the transaction ultra vires the company.
Issues
- Whether unconditional leave to defend should be granted where the defendant alleges its Board did not sanction the transaction in question.
- Whether lack of Board authorisation for a managing director's acts constitutes a triable issue in a summary suit.
- Whether the defendant company is bound by the acts of its managing director who opened a bank account and drew cheques without express Board authorisation.
Orders
- Application for unconditional leave to defend dismissed.
- Decree entered for the plaintiff in the sum prayed in the plaint.
- Defendant to pay costs of the application.
Rules and key headnotes
Legislation cited (5)
Cases cited (4)
- Churaniilal and Co v A.H. Adam (1950) 17 EACA 92
- Kirat Singh & Co v Punja Meghi & Sons (1952) 19 EACA 33
- Kundanlal Restaurant v Deushi & Co (1952) EACA 77
- Maluku Interglobal Trade Agency Ltd v Bank of Uganda (1983) HCB 63
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.