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Duties and Rights of Agent-Performance And Discharge Of Contracts
Business Environment and Law-Performance And Discharge Of Contracts
Duties and Rights of Agent-Performance And Discharge Of Contracts
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Duties and Rights of Agent-Performance And Discharge Of Contracts
Duties Of An Agent
To follow principal’s directions or customs:
Skill and diligence to work:
To render proper account: (Sec. 213): “An agent is bound to render proper accounts to his principal on demand.” He should always be ready to produce them to the principal.
To communicate with the principal (Sec. 214)
Not to deal on his own account: (Sec. 215)
To pay sums received for principal
Not to delegate authority (Sec. 190)
On Principal’s death or insanity (Sec. 209)
Rights Of An Agent
Right to Remuneration: Every agent is entitled to receive the remuneration agreed upon with the principal.
Right of retainer (Sec. 217)
Right of Lien (Sec. 221)
To follow principal’s directions or customs:
Skill and diligence to work:
To render proper account: (Sec. 213): “An agent is bound to render proper accounts to his principal on demand.” He should always be ready to produce them to the principal.
To communicate with the principal (Sec. 214)
Not to deal on his own account: (Sec. 215)
To pay sums received for principal
Not to delegate authority (Sec. 190)
On Principal’s death or insanity (Sec. 209)
Rights Of An Agent
Right to Remuneration: Every agent is entitled to receive the remuneration agreed upon with the principal.
Right of retainer (Sec. 217)
Right of Lien (Sec. 221)
Right
of indemnit
Tags : Business Environment and Law-Performance And Discharge Of Contracts
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