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Essentials of relationship of agency

There are two essentials of the Relationship of Agency:- 1)       AGREEMENT BETWEEN THE PRINCIPAL AND THE AGENT. Agency depends on agreement but not necessarily on contract. As between the principal and third persons, any...
 
 
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Definitions of Agent and Principal

A person who has capacity to contract may enter into a contract with another Either by himself, or Through another person.   So when he adopts the latter course, he is said to be acting through an agent. An ‘agent’ is ...
 

 
 
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Agency

The complexities of modern business are such that it is not possible for any man to transact all his business by himself. He cannot personally attend to all matters in which it is necessary for him to be brought into legal rela...
 

 
 
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Performance

Every Contract creates certain obligation on each of the parties involved in it. When both the parties to the Contract fulfill their obligations towards each other, the contract is said to be performed. When both the parties to...
 
 
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Discharge of contracts

THE CONSEQUENCES OF BREACH OF CONTRACT COMPENSATION FOR LOSS OR DAMAGE CAUSED BY BREACH OF CONTRACT (SECTION 73) When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who h...
 

 




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