LLB Varun

Pledge by mercantile agent.— Where a mercantile agent is, with the consent of the owner, in possession of goods or the document of title to goods, any pledge made by him, when acting in the… 

Pledge where pawnor has only a limited interest.— Where a person pledges goods in which he has only a limited interest, the pledge is valid to the extent of that interest.

Suit by bailor or bailee against wrong-doer.— If a third person wrongfully deprives the bailee of the use or possession of the goods bailed, or does them any injury, the bailee is entitled to use… 

Apportionment of relief or compensation obtained by such suits.— Whatever is obtained by way of relief or compensation in any such suit shall, as between the bailor and the bailee, be dealt with according to… 

“Agent” and “principal” defined.— An “agent” is a person employed to do any act for another, or to represent another in dealings with third persons. The person for whom such act is done, or who… 

Who may employ agent.— Any person who is of the age of majority according to the law to which he is subject, and who is of sound mind, may employ an agent.

Who may be an agent.— As between the principal and third persons, any person may become an agent, but no person who is not of the age of majority and of sound mind can become… 

Consideration not necessary.— No consideration is necessary to create an agency.

Agent’s authority may be expressed or implied.— The authority of an agent may be expressed or implied.