Sankalp Shanker Srivastava Introduction- The Principle The origin of the principle of the Doctrine of Agency of Necessity rests in the idea where an agent exceeds his authority by acting on behalf of the principal in an emergency situation. This occurs when one party, the agent, is faced with an […]
Indemnity And Agency
By 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. The mere possibility of loss occurring will not make the indemnifier liable. The […]
Agency under Contracts
Anonymous Editor’s note: This paper analyses the role of an agent under the Indian law on contracts. In contracts of agency, there exists a legal relationship between two people where one person acts on behalf of the other. The essence of the principal-agent relationship is that the principal is too […]
Basis of Privity of Contract and Consideration
By Aakash Kumbhat, National University of Advanced Legal Studies, Kochi “Editor’s Note: The doctrine of privity of contract in the common law of contract provides that a contract cannot confer rights or impose obligations arising under it on any person or agent except the parties to the contract. The premise is that only […]
Piercing of Corporate Veil
By Samridhi Arora, Amity University Editor’s Note: Corporate Veil is the principle in corporate law which states that company and its shareholders are two different identities independent of its existence . Piercing of corporate veil is a legal method of trying to go behind this veil. It is employed by the […]