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FORMATION, NECESSITY, EXPRESS, ii- Principal does not inform or announce…
FORMATION
ESTOPPEL
SITUATIONS:-
i- Principal himself induces the 3rd party to believe that a person has an authority to act for him (Section 190 )
RATIFICATION
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EFFECTS
To render the contract as binding on the principal as if the agent has been properly authorized beforehand.
SITUATIONS :
1) When an agent who has expressly appointed
2) The principal, has exceeded his given authority
3) When a person who had no authority to act from the principal
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IMPLIED
PARTNERSHIP
Section 7 provides each partner in a partnership is an agent to the firm or other partners in the firm, when contracting in the course of the partnership's business.
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NECESSITY
2 SITUATION:-
- A wife is deserted or is justified in leaving her husband and has no means of support.
- A person is entrusted with another person's property.
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ii- Principal does not inform or announce to the 3rd party that his agent has no authority (Case Freeman & Lockyer v Buckhurst Parl Properties Ltd)
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