Performance of contract with agent supposed to be principal Where one man makes a contract with another, neither knowing nor having reasonable ground to suspect that the other is an agent, the principal, if he requires the performance of the contract, can only obtain such performance subject tothe rights and obligations subsisting between the agent […]
Rights of parties to a contract made by agent not disclosed If an agent makes a contract with a person who neither knows, nor has reason to suspect, that he is an agent, his principal may require the performance of the contract; but the other contracting party has, as against the principal, the samerights as
Agent cannot personally enforce, nor be bound by, contracts on behalf of principal In the absence of any contract to that effect, an agent cannot personally enforce contracts entered into by him onbehalf of his principal, nor is he personally bound by them.Presumption of contract to contrary—Such a contract shall be presumed to exist in
Consequences of notice given to agent Any notice given to or information obtained by the agent, provided it be given or obtained in the course of the business transacted by him for the principal, shall, as between the principal and third parties, have the same legal consequences as if it had been given to or
when you’re launching digital campaigns, you want to be sure you’re maximizing your efforts — and your profits — by boosting your ad’s impression share. Your impression share tells you how well your ad is performing compared to its total potential audience, and boosting it can help increase engagement as well as profit. If you’re
National Electronic Fund Transfer is one of the most prominent electronic fund transfer systems of India. NEFT was introduced in November 2005, and it is a facility provided to bank customers to enable them to transfer funds quickly and securely to one account to another account. It is a nationwide payment system facilitating safe and
Exporting products across the world has become easy and simple today. Export has increasingly become a key factor in strengthening the economy of any country – including India. The Government of India has also taken steps to promote exports across various sectors and product categories. For different products exported from India, there are a few
Dispute settlement or Dispute resolution is the process of resolving the disputes between the parties to a contract. The term dispute resolution is different from conflict resolution as the dispute resolution has ways to resolve guided by the dispute resolution techniques which helps in solving the disputes arose of the citizens, corporations as well as
The Risk Free Rate (rf) is the theoretical rate of return received on zero-risk assets, which serves as the minimum return required on riskier investments. The rate should reflect the yield to maturity (YTM) on default-free government bonds of equivalent maturity as the duration of the projected cash flows. What Is the Risk-Free Rate of Return? The
Principal not bound when excess of agent’s authority is not separable Where an agent does more than he is authorized to do, and what he does beyond the scope of his authority cannot beseparated from what is within it, the principal is not bound to recognize the transaction.IllustrationA authorizes B to buy 500 sheep for
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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