Premji v Janmohamed (C.A. 25-1930 (Msa.).)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
An alteration of a bill of exchange by erasing the name of the payee and inserting another name in lieu thereof, without the consent of the acceptor, is a material alteration which discharges the bill as far as the acceptor is concerned under section 64 of the Bills of Exchange Act 1882. The contract of the acceptor has been materially varied by depriving him of knowledge of the payee's name and the power to notify the payee of any defect relating to the bill.
Outcome
Judgment in favour of Overman & Co entered; liability under the altered bill of exchange discharged
Facts
Overman & Co accepted four bills of exchange drawn by T.M. Jones and made payable to the Standard Bank of South Africa Ltd., Mombasa. One bill was altered by erasing the payee's name and inserting the name of Alibhai Janmohamed, with the erasure and addition initialled T.M.J. The trial court found the alteration was effected after acceptance by Overman & Co. The bill was negotiated to Alibhai Janmohamed and by him endorsed to Rahemtulla and Premji. When presented, the bill was not paid by Overman & Co. Rahemtulla and Premji sued Overman & Co as acceptor and Alibhai Janmohamed as indorser in the Resident Magistrate's Court. Judgment was given for the plaintiffs. Overman & Co appealed.
Issues
- Whether the alteration of a bill of exchange by erasing the name of the payee and inserting another name without the consent of the acceptor constitutes a material alteration that discharges the bill under section 64 of the Bills of Exchange Act 1882.
Orders
- Appeal allowed.
- Judgment of the Court below against Overman & Co set aside.
- Judgment entered for Overman & Co with costs.
- Costs of the appeal to be paid by the respondent Rahemtulla and Premji to the appellants Overman & Co.
Rules and key headnotes
Legislation cited (1)
Cases cited (5)
- Gardner v Walsh (1885) 5 El & Bl 89
- Conner v Fitzsimon (1841) Jr Civ Rep 106
- Asch Ltd v Dufresne (1910) QR 49 SC 508
- Atwood v Griffin (172) ER 160
- Tidmarsh v Grover (105) ER 275
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.