At common law, as a rule, no remuneration is payable upon transactions between the principal and third persons introduced to him by the agent arising after the termination of the authority1, whether such transactions are due to the agent's introduction2 or not3. Remuneration may, however, be payable in respect of such later transactions if they are in fact part of a transaction in which the agent was employed4, or if there was an express term in the contract to that effect, or a clear intention to continue such remuneration after determination of the agent's employment can be discovered from
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Millett LJ subdivided types of constructive trust into two categories, distinguishing between:•the constructive trust proper, where equity intervenes to prevent the legal owner from unconscionably denying the beneficial interest of another (known as the institutional constructive trust)•the
What is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual positions•the main grounds of
Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
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