Question
Agent should not deal on his own account without first
obtaining the consent of the principal, otherwise the principal may—Solution
Explanation:According to Section 215 and 216 of the Indian Contract Act:If an agent acts on his own account in a business transaction without informing the principal or obtaining consent, the principal may: •Repudiate the transaction (if it is disadvantageous), and/or •Claim any profit or benefit the agent obtained from such unauthorized dealing.
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