By Simran, CNLU, Patna Editor’s Note: The contract of agency is defined as one where one party-the principal, grants authority to another party- the agent, to act on behalf of and under the control of the principal to deal with a third party. An agency relationship is fiduciary in nature. An agency can be created by express or implied appointment, necessity or estoppel. There are certain duties that the parties owe each other. Since the relationship of agency is one that is based on trust, there […]
Presumptions and Estoppel under the Negotiable Instruments Act, 1881
By Naveena Varghese, National University of Advanced Legal Studies, Kochi “Editor’s Note: The Negotiable Instruments Act, 1881 provide for various kinds of presumptions and estoppels. This article discusses these presumptions and estoppels in detail.” DEFINITIONS FOR PRESUMPTION A presumption is a rule of law that is used by courts or […]