Indian_Real_Estate_Law (2)
Indian Real Estate Laws 176makes default in payment of the debt or performanceof the promise at the stipulated time,he may redeem the goods pledged at any subsequenttime before the actual sale of them1,but he must, in that case, pay, in addition, anyexpenses which have arisen from his default.1[178. Pledge by mercantile agent.—Where amercantile agent is, with the consent of theowner, in possession of goods or the documentof title to goods, any pledge made by him,when acting in the ordinary course of businessof a mercantile agent, shall be as valid asif he were expressly authorised by the ownerof the goods to make the same; provided thatthe pawnee acts in good faith and has not atthe time of the pledge notice that the pawnorhas not authority to pledge. Explanation.—Inthis section, the expressions ‘mercantile agent’and ‘documents of title’ shall have the meaningsassigned to them in the Indian Sale ofGoods Act, 1930 (3 of 1930).] 53 [178A. Pledgeby person in possession under voidable contract.—Whenthe pawnor has obtained possessionof the goods pledged by him under acontract voidable under section 19 or section19A, but the contract has not been rescindedat the time of the pledge, the pawnee acquiresa good title to the goods, provided he acts ingood faith and without notice of the pawnor’sdefect of title.] 179. Pledge where pawnorhas only a limited interest.—Where a personpledges goods in which he has only a limitedinterest, the pledge is valid to the extent ofthat interest. —Where a person pledges goodsin which he has only a limited interest, thepledge is valid to the extent of that interest."180. Suit by bailor or bailee against wrongdoer.—Ifa third person wrongfully deprivesthe bailee of the use of possession of the goodsbailed, or does them any injury, the baileeis entitled to use such remedies as the ownermight have used in the like case if no bailmenthad been made; and either the bailor or thebailee may bring a suit against a third personfor such deprivation or injury. —If a third personwrongfully deprives the bailee of the use ofpossession of the goods bailed, or does themany injury, the bailee is entitled to use suchremedies as the owner might have used in thelike case if no bailment had been made; andeither the bailor or the bailee may bring a suitagainst a third person for such deprivation orinjury." 181. Apportionment of relief or compensationobtained by such suits.—Whateveris obtained by way of relief or compensationin any such suit shall, as between the bailorand the bailee, be dealt with according totheir respective interests. —Whatever is obtainedby way of relief or compensation in anysuch suit shall, as between the bailor and thebailee, be dealt with according to their respectiveinterests." 182. ‘Agent’ and ‘principal’ defined.—An‘agent’ is a person employed to doany act for another, or to represent anotherin dealings with third person. The person forwhom such act is done, or who is so represented,is called the ‘principal’. —An ‘agent’is a person employed to do any act for another,or to represent another in dealings with thirdperson. The person for whom such act is done,or who is so represented, is called the ‘principal’."183. Who may employ agent.—Any personwho is of the age of majority accordingto the law to which he is subject, and who isof sound mind, may employ an agent. —Anyperson who is of the age of majority accordingto the law to which he is subject, and whois of sound mind, may employ an agent." 184.Who may be an agent.—As between the principaland third person any person may becomean agent, but no person who is not of the ageof majority and of sound mind can become anagent, so as to be responsible to his principleaccording to the provisions in that behalfherein contained. —As between the principaland third person any person may become anagent, but no person who is not of the age ofmajority and of sound mind can become anagent, so as to be responsible to his principleaccording to the provisions in that behalfherein contained." 185. Consideration not necessary.—Noconsideration is necessary to createan agency. —No consideration is necessaryto create an agency." 186. Agent’s authoritymay be expressed or implied.—The authorityof an agent may be expressed or implied. 54186. Agent’s authority may be expressed orimplied.—The authority of an agent may beexpressed or implied. 55 187. Definitions ofexpress and implied authority.—An authority6.6 6. THE INDIAN CONTRACT ACT, 1872
177 Indian Real Estate Lawsis said to be express when it is given by wordsspoken or written. An authority is said to beimplied when it is to be inferred from the circumstancesof the case; and things spoken orwritten, or the ordinary course of dealing, maybe accounted circumstances of the case. —Anauthority is said to be express when it is givenby words spoken or written. An authority issaid to be implied when it is to be inferredfrom the circumstances of the case; and thingsspoken or written, or the ordinary course ofdealing, may be accounted circumstances ofthe case." Illustration A owns a shop in Serampor,living himself in Calcutta, and visitingthe shop occasionally. The shop is managedby B, and he is in the habit of ordering goodsfrom C in the name of A for the purposes ofthe shop, and of paying for them out of A’sfunds with A’s knowledge. B has an impliedauthority from A to order goods from C inthe name of A for the purposes of the shop.A owns a shop in Serampor, living himself inCalcutta, and visiting the shop occasionally.The shop is managed by B, and he is in thehabit of ordering goods from C in the nameof A for the purposes of the shop, and of payingfor them out of A’s funds with A’s knowledge.B has an implied authority from A toorder goods from C in the name of A for thepurposes of the shop." 188. Extent of agent’sauthority.—An agent having an authority todo an act has authority to do every lawfulthing which is necessary in order to do suchact. —An agent having an authority to doan act has authority to do every lawful thingwhich is necessary in order to do such act." Anagent having an authority to carry on a business,has authority to do every lawful thingnecessary for the purpose, or usually done inthe course, of conducting such business. Illustrations(a) A is employed by B, residing inLondon, to recover at Bombay a debt due toB. A may adopt any legal process necessary forthe purpose of recovering the debt, and maygive a valid discharge for the same. (a) A isemployed by B, residing in London, to recoverat Bombay a debt due to B. A may adopt anylegal process necessary for the purpose of recoveringthe debt, and may give a valid dischargefor the same." (b) A constitutes B hisagent to carry on his business of a ship-builder.B may purchase timber and other materials,and hire workmen, for the purpose of carryingon the business. (b) A constitutes B hisagent to carry on his business of a ship-builder.B may purchase timber and other materials,and hire workmen, for the purpose of carryingon the business." 188. Extent of agent’sauthority.—An agent having an authority todo an act has authority to do every lawfulthing which is necessary in order to do suchact. —An agent having an authority to doan act has authority to do every lawful thingwhich is necessary in order to do such act." Anagent having an authority to carry on a business,has authority to do every lawful thingnecessary for the purpose, or usually done inthe course, of conducting such business. Illustrations(a) A is employed by B, residing inLondon, to recover at Bombay a debt due toB. A may adopt any legal process necessary forthe purpose of recovering the debt, and maygive a valid discharge for the same. (a) A isemployed by B, residing in London, to recoverat Bombay a debt due to B. A may adopt anylegal process necessary for the purpose of recoveringthe debt, and may give a valid dischargefor the same." (b) A constitutes B hisagent to carry on his business of a ship-builder.B may purchase timber and other materials,and hire workmen, for the purpose of carryingon the business. (b) A constitutes B hisagent to carry on his business of a ship-builder.B may purchase timber and other materials,and hire workmen, for the purpose of carryingon the business." 189. Agent’s authority inan emergency.—An agent has authority, in anemergency, to do all such acts for the purposeof protecting his principal from loss as wouldbe done by a person of ordinary prudence,in his own case under similar circumstances.—An agent has authority, in an emergency, todo all such acts for the purpose of protectinghis principal from loss as would be done by aperson of ordinary prudence, in his own caseunder similar circumstances." Illustrations (a)An agent for sale may have goods repaired if itbe necessary. (a) An agent for sale may havegoods repaired if it be necessary." (b) A consignsprovisions to B at Calcutta, with direc-6. THE INDIAN CONTRACT ACT, 1872 6.6
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177 Indian Real Estate Laws
is said to be express when it is given by words
spoken or written. An authority is said to be
implied when it is to be inferred from the circumstances
of the case; and things spoken or
written, or the ordinary course of dealing, may
be accounted circumstances of the case. —An
authority is said to be express when it is given
by words spoken or written. An authority is
said to be implied when it is to be inferred
from the circumstances of the case; and things
spoken or written, or the ordinary course of
dealing, may be accounted circumstances of
the case." Illustration A owns a shop in Serampor,
living himself in Calcutta, and visiting
the shop occasionally. The shop is managed
by B, and he is in the habit of ordering goods
from C in the name of A for the purposes of
the shop, and of paying for them out of A’s
funds with A’s knowledge. B has an implied
authority from A to order goods from C in
the name of A for the purposes of the shop.
A owns a shop in Serampor, living himself in
Calcutta, and visiting the shop occasionally.
The shop is managed by B, and he is in the
habit of ordering goods from C in the name
of A for the purposes of the shop, and of paying
for them out of A’s funds with A’s knowledge.
B has an implied authority from A to
order goods from C in the name of A for the
purposes of the shop." 188. Extent of agent’s
authority.—An agent having an authority to
do an act has authority to do every lawful
thing which is necessary in order to do such
act. —An agent having an authority to do
an act has authority to do every lawful thing
which is necessary in order to do such act." An
agent having an authority to carry on a business,
has authority to do every lawful thing
necessary for the purpose, or usually done in
the course, of conducting such business. Illustrations
(a) A is employed by B, residing in
London, to recover at Bombay a debt due to
B. A may adopt any legal process necessary for
the purpose of recovering the debt, and may
give a valid discharge for the same. (a) A is
employed by B, residing in London, to recover
at Bombay a debt due to B. A may adopt any
legal process necessary for the purpose of recovering
the debt, and may give a valid discharge
for the same." (b) A constitutes B his
agent to carry on his business of a ship-builder.
B may purchase timber and other materials,
and hire workmen, for the purpose of carrying
on the business. (b) A constitutes B his
agent to carry on his business of a ship-builder.
B may purchase timber and other materials,
and hire workmen, for the purpose of carrying
on the business." 188. Extent of agent’s
authority.—An agent having an authority to
do an act has authority to do every lawful
thing which is necessary in order to do such
act. —An agent having an authority to do
an act has authority to do every lawful thing
which is necessary in order to do such act." An
agent having an authority to carry on a business,
has authority to do every lawful thing
necessary for the purpose, or usually done in
the course, of conducting such business. Illustrations
(a) A is employed by B, residing in
London, to recover at Bombay a debt due to
B. A may adopt any legal process necessary for
the purpose of recovering the debt, and may
give a valid discharge for the same. (a) A is
employed by B, residing in London, to recover
at Bombay a debt due to B. A may adopt any
legal process necessary for the purpose of recovering
the debt, and may give a valid discharge
for the same." (b) A constitutes B his
agent to carry on his business of a ship-builder.
B may purchase timber and other materials,
and hire workmen, for the purpose of carrying
on the business. (b) A constitutes B his
agent to carry on his business of a ship-builder.
B may purchase timber and other materials,
and hire workmen, for the purpose of carrying
on the business." 189. Agent’s authority in
an emergency.—An agent has authority, in an
emergency, to do all such acts for the purpose
of protecting his principal from loss as would
be done by a person of ordinary prudence,
in his own case under similar circumstances.
—An agent has authority, in an emergency, to
do all such acts for the purpose of protecting
his principal from loss as would be done by a
person of ordinary prudence, in his own case
under similar circumstances." Illustrations (a)
An agent for sale may have goods repaired if it
be necessary. (a) An agent for sale may have
goods repaired if it be necessary." (b) A consigns
provisions to B at Calcutta, with direc-
6. THE INDIAN CONTRACT ACT, 1872 6.6