206. Notice of revocation or renunciation. Reasonable notice must be given of such revocation or renunciation; otherwise the damage thereby resulting to the principal or the agent, as the case may be, must be made good to the one by the other. Read Contract Act in a systematic way. ReadKEEP READING
207. Revocation and Renunciation may be expressed or implied. Revocation and renunciation may be expressed or may be implied in the conduct of the principal or agent respectively. Illustration- A empowers B to let A’s house. Afterwards A lets it himself. This is an implied revocation of B’s authority. ReadKEEP READING
208. When termination of agent’s authority takes effect as to agent, and as to third persons. The termination of the authority of an agent does not, so far as regards the agent, take effect before it becomes known to him, or, so far as regards third persons, before it becomesKEEP READING
209. Agent’s duty on termination o agency by principal’s death or insanity. When an agency is terminated by the principal dying or becoming of unsound mind, the agent is bound to take, on behalf of the representatives of his late principal, all reasonable steps for the protection and preservation ofKEEP READING
210. Termination of Sub-agent’s authority. 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. Read Contract Act in a systematic way. Read Contract Act each sectionKEEP READING
211. Agent’s duty in conducting principal’s business. 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 placeKEEP READING
212. Skill and Diligence required from agent. An agent is bound to conduct the business of the agency with as much skill as is generally possessed by persons engaged in similar business, unless the principal has notice of his want of skill. The agent is always bound to act withKEEP READING
213. Agent’s accounts. An agent is bound to render proper accounts to his principal on demand. Read Contract Act in a systematic way. Read Contract Act each section wise. Download beautiful, mobile friendly Contract Act PDF.KEEP READING
214. Agent’s duty of communicate with principal. It is the duty of an agent, in cases of difficulty, to use all reasonable diligence in communicating with his principal, and in seeking to obtain his instructions. Read Contract Act in a systematic way. Read Contract Act each section wise. Download beautiful,KEEP READING
215. Right to principal when agent deals, on his own account, in business of agency without principal’s consent. If an agent deals on his own account in the business of the agency, without first obtaining the consent of his principal and acquainting him with all material circumstances which have comeKEEP READING
216. Principal’s right to benefit gained by agent dealing on his own account in business of agency. If an agent, without the knowledge of his principal, deals in the business of the agency on his own account instead of on account of his principal, the principal is entitled to claimKEEP READING
217. Agent’s right of retainer out of sums received on principal’s account. An agent may retain, out of any sums received on account of the principal in the business of the agency, all moneys due to himself in respect of advances made or expenses properly incurred by him in conductingKEEP READING
218 . Agent’s duty to pay sums received for principal. Subject to such deductions, the agent is bound to pay to his principal all sums received on his account. Read Contract Act in a systematic way. Read Contract Act each section wise. Download beautiful, mobile friendly Contract Act PDF.KEEP READING
219. When agent’s remuneration becomes due. 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 ofKEEP READING
220. Agent not entitled to remuneration for business misconducted. An agent who is guilty of misconduct in the business of the agency is not entitled to any remuneration in respect of that part of the business which he has misconducted. Illustrations- (a) A employs B to recover 1,00,000 rupees fromKEEP READING
221. Agent’s lien on principal property. In the absence of any contract to the contrary, an agent is entitled to retain goods, papers, and other property, whether movable or immovable, of the principal received by him, until the amount due to himself for commission, disbursements and services in respect ofKEEP READING
