Section 18
Admission by party to proceeding, his agent or person interested
Statements made by a party to the proceeding or by an agent to any such party whom the court regards under the circumstances of the case as expressly or impliedly authorized by him to make them are admissions.
(2)
Statements made by parties to suits, suing or sued in a representative character, are not admissions unless they were made while the party making them held that character.
(3)
Statements made by—
(a)
persons who have any proprietary or pecuniary interest in the subject matter of the proceeding, and who make the statement in their character of persons so interested;
or
Evidence 29
(b)
persons from whom the parties to the suit have derived their interest in the subject matter of the suit, are admissions if they are made during the continuance of the interest of the persons making the statements.