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Section 218 - Agent's duty to pay sums received for principal, Section 219 - When agent's remuneration becomes due : Indian Contract Act 1872

What is Principal's right to benefit gained by agent dealing on his own account in business of agency? What is Agent's right of retainer out of sums received on principal's account? Section 216 and 217 of Indian Contract Act 1872


Section 218 of Indian Contract Act 1872 : "Agent's duty to pay sums received for principal"

218. Subject to such deductions, the agent is bound to pay to his principal all sums received on his account.


Section 219 of Indian Contract Act 1872 : "When agent's remuneration becomes due"

219. In the absence of any special contract, payment for the performance of any act is not due to the agent until the completion of such act; but an agent may detain moneys received by him on account of goods sold, although the whole of the goods consigned to him for sale may not have been sold, or although the sale may not be actually complete.

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