Patel v Govind (Civil Case No. 143 of 1939)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Presentment for payment is necessary to render an indorser of a promissory note liable even where the note does not specify a particular place of payment. Section 87(2) of the Bills of Exchange Ordinance expressly requires presentment to make an indorser liable, notwithstanding that section 87(1) exempts the maker from such requirement where no place is specified. The action failed on three independent grounds: no presentment was made; the underlying transaction was a moneylending contract unenforceable under the Moneylenders Ordinance; and the plaintiff took the overdue note subject to all defects of title.
Outcome
Action dismissed with costs
Facts
The plaintiff as holder of an overdue promissory note sued the defendant as indorser. The promissory note was not made payable at any particular place and had not been presented for payment. The plaintiff initially pleaded presentment but could not sustain this contention at trial. Evidence established that the underlying transaction was a moneylending arrangement involving Kassam Kanji, who was a director in a moneylending firm called United Agencies. The defendant had approached two other moneylenders before going to Kassam Kanji. The business of United Agencies and Kassam Kanji's cycle business were carried on in the same building and room. The plaintiff was not the holder of the note at the time of its maturity and acquired it only after it became overdue.
Issues
- Whether presentment for payment is necessary to render an indorser of a promissory note liable when the note does not specify a particular place of payment.
- Whether the transaction was a moneylending transaction and if so what consequences follow for the plaintiff's claim.
- Whether the plaintiff as holder of an overdue note acquired better title than the original holder had at maturity.
Orders
- Action dismissed.
- Costs awarded to the defendant including costs of the application giving leave to defend.
Rules and key headnotes
Legislation cited (7)
- Bills of Exchange Ordinance 1927 s.45
- Bills of Exchange Ordinance 1927 s.87(1)
- Bills of Exchange Ordinance 1927 s.87(2)
- Bills of Exchange Ordinance 1927 s.36(2)
- Moneylenders Ordinance s.10
- Moneylenders Ordinance s.17
- Moneylenders Ordinance s.20
Cases cited (2)
- Gibb v Mother and Others (149 ER 110)
- Walji Hirji and Sons v Cassam Noor Mohamed (10 KLR 103)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.