The Indian Contract Act Section 202 - Termination of agency, where agent has an interest in subject-matter - Printable Version +- Bare Acts Sections and Orders (https://section.org.in) +-- Forum: Central And State Acts (https://section.org.in/forumdisplay.php?fid=78) +--- Forum: The Indian Contract Act (https://section.org.in/forumdisplay.php?fid=94) +--- Thread: The Indian Contract Act Section 202 - Termination of agency, where agent has an interest in subject-matter (/showthread.php?tid=2228) |
The Indian Contract Act Section 202 - Termination of agency, where agent has an interest in subject-matter - Legal Flag - 02-07-2023 Where the agent has himself an interest in the property which forms the subject-matter of the agency, the agency cannot, in the absence of an express contract, be terminated to the prejudice of such interest. Illustrations (a) A gives authority to B to sell A's land, and to pay himself, out of the proceeds, the debts due to him from A. A cannot revoke this authority, nor can it be terminated by his insanity or death. (b) A consigns 1,000 bales of cotton to B, who has made advances to him on such cotton, and desires B to sell the cotton, and to repay himself out of the price, the amount of his own advances. A cannot revoke this authority, nor is it terminated by his insanity or death. |