admindeepak 
Ratification of Acts by principal can also create agency. A principal is bound by acts done by the agent with his authority which may be express or implied. He is also bound by acts done in emergency. In addition, he is bound on grounds of estoppel when there is apparent or ostensible authority vested in … Read more
In agency, an act done by an agent on behalf of the principal binds the principal towards a third person. The relationship of Principal and Agent between the person represented and the person representing has to exist in order that the principal’s liability towards the third person, arises. In the following situations, the principal is … Read more
Meaning of Agency Agency, as is well-settled, is a legal concept, which is employed by the Court when it becomes necessary to explain and resolve the problems created by certain fact situation. In other words, when the existence of an agency relationship would help to decide an individual problem, and the facts permit a Court … Read more
Weekly Legal Updates main objective is to update the legal knowledge of law students, lawyers, academicians and other professionals. If we do not update our legal knowledge regularly, our knowledge become redundant. Hampers “Open Justice”: Supreme Court’s Strong Remarks On Sealed Cover Chief Justice of India DY Chandrachud, known by now to be a strong … Read more
Weekly Legal Updates main objective is to update the legal knowledge of law students, lawyers, academicians and other professionals. If we do not update our legal knowledge regularly, our knowledge become redundant. Supreme Court stays demolition of shelters for Delhi’s urban homeless without its permission The Supreme Court on Monday said it would apply a … Read more
Rights of Pledgee or Pawnee is mentioned in under Secs. 173 to 176 of the Indian Contract Act 1872. A pawnee has the following rights under the Act: (1) Right to retain the goods pledged. (Secs. 173 and 174). (2) Right to recover extraordinary expenses incurred by him. (Section 175). (3) Rights of suit to … Read more
Ordinarily, it is the owner of the goods, or any person authorized by him in that behalf, who can pledge the goods. If a servant has the custody of the goods, or a tenant gets the possession of a furnished house, the servant cannot pledge the goods, nor can a tenant pledge the furnishing materials … Read more
Meaning of Pledge Section 172 of the Indian Contract Act, 1872, defines “pledge”, “Pawnee” or “Pledgee” as follows: “The bailment of goods as security for payment of a debt or performance of a promise is called ‘pledge’. The bailor is in this case called ‘pawnor’. The bailee is called the ‘pawnee’.” ‘Pledge’ or ‘Pawn’ is … Read more
Right of lien is the right of the bailee under which the bailee can retain the goods of the bailor, and refuse to deliver them to the bailor, until his due remuneration for services in respect of the goods bailed, or the amount due is paid. The Act recognizes two kinds of lien :(1) Particular … Read more
Position of finder of goods is explained in Section 71 of Indian Contract 1872. According to this section, a person who finds goods belonging to another and takes them into his custody, is subject to the same responsibility as a bailee. Since the position of the finder of goods is that of a bailee, he … Read more