Tag: agency

Indemnity And Agency

-Sumit Kumar Suman, CNLU Introduction Indemnity can be treated as a sub-species of compensation and a Contract of Indemnity is a species of contracts. The obligation to indemnify is a voluntary obligation taken by the indemnifier. Mere possibility of loss occurring will not make the indemnifier liable. Loss to the […]

Duties of Agent

Dipti Khatri, UPES Dehradoon Editor’s Note: In India, section 182 of the Contract Act 1872 defines “Agent is a person employed to do any act for another in dealing with third parties”. An agent in commercial law (also referred to as a manager) is a person who is authorized to act […]