Section 121 of BSA : Section 121: Estoppel.
BSA
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Explanation using Example
Example 1:
Ravi owns a piece of land and tells his friend, Suresh, that he also owns the adjacent plot, which actually belongs to someone else. Ravi convinces Suresh to buy the adjacent plot from him. Suresh, believing Ravi's claim, pays Ravi for the plot. Later, the actual owner of the adjacent plot sells it to Ravi. Ravi then tries to claim that the sale to Suresh was invalid because he did not own the plot at the time of the sale. Under Section 121: Estoppel, Ravi cannot deny his earlier claim and must honor the sale to Suresh.
Example 2:
Priya, a businesswoman, tells her supplier, Anil, that she has the necessary government permits to operate a factory. Based on Priya's statement, Anil supplies her with machinery wor...
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