Commercial Law (105)
HELD:
"In the sphere of agency, the receivers/managers were agents of a disclosed principal.
HELD:
"Under the law, a person can act either by himself or through an agent in doing anything lawful, including the purchase of property.
HELD:
"The appellant further contended that the respondent lacked the locus standi to bring an action to recover the unremitted US Dollar amount against the appellant, as it was not the proper party to sue for refund of the unremitted Dollar amount.
HELD:
"Now, it is apparent that the appellant is labouring under a misconception of the purport and application of Section 251 (1) (d) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and Section 1 of the Admiralty Jurisdiction Act, viz-a-viz the issues in this case.
HELD:
"As a matter of general law of Agency, there are three ways an agency relationship may be created:
HELD:
"...But even if the maturity date of the facility is not stated, it is implied that repayment becomes due when a demand is made.
HELD:
"At this juncture, it is pertinent to refer to the pleadings of the parties, in order to ascertain whether an agency relationship was formed or came into being by the parties.
HELD:
"What determines agency has been stated in a litany of decisions of the Superior Courts.