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Section 210 - Termination of sub-agent's authority, Section 211 - Agent's duty in conducting principal's business : Indian Contract Act 1872

 

What is Termination of sub-agent's authority? What is Agent's duty in conducting principal's business? Section 210 and 211 of Indian Contract Act 1872

Section 210 of Indian Contract Act 1872 : "Termination of sub-agent's authority"

210. The termination of the authority of an agent causes the termination (subject to the rules herein contained regarding the termination of an agent's authority) of the authority of all sub-agents appointed by him.

Section 211 of Indian Contract Act 1872 : "Agent's duty in conducting principal's business"

211. An agent is bound to conduct the business of his principal according to the directions given by the principal, or, in the absence of any such directions, according to the custom which prevails in doing business of the same kind at the place where the agent conducts such business. When the agent acts otherwise, if any loss be sustained, he must make it good to his principal, and if any profit accrues, he must account for it.

Illustrations
(a) A, an agent engaged in carrying on for B a business, in which it is the custom to invest from time to time, at interest, the moneys which may be in hand, omits to make such investment. A must make good to B the interest usually obtained by such investments.

(b) B, a broker, in whose business it is not the custom to sell on credit, sells goods of A on credit to C, whose credit at the time was very high. C, before payment, becomes insolvent. B must make good the loss to A.

 

INDIAN CONTRACT ACT 1872

Section 206 - Notice of revocation or renunciation

Section 207 - Revocation and renunciation may be expressed or implied

Section 208 - When termination of agent's authority takes effect as to agent, and as to third persons

Section 209 - Agent's duty on termination of agency by principal's death or insanity

Section 210 - Termination of sub-agent's authority

 

 

Agent's duty to Principal

Section 211 - Agent's duty in conducting principal's business

Section 212 - Skill and diligence required from agent

Section 213 - Agent's accounts

Section 214 - Agent's duty to communicate with principal

Section 215 - Right of principal when agent deals, on his own account, in business of agency without principal's consent

 

 

Section 216 - Principal's right to benefit gained by agent dealing on his own account in business of agency

Section 217 - Agent's right of retainer out of sums received on principal's account

Section 218 - Agent's duty to pay sums received for principal

Section 219 - When agent's remuneration becomes due

Section 220 - Agent not entitled to remuneration for business misconducted

 

 

Section 221 - Agent's lien on principal's property

Principal’s duty to agent

Section 222 - Agent to be indemnified against consequences of lawful acts

Section 223 - Agent to be indemnified against consequences of acts done in good faith

Section 224 - Non-liability of employer of agent to do a criminal act

Section 225 - Compensation to agent for injury caused by principal's neglect

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