📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    An agent who is guilty of misconduct in the business of

    the agency, is___________________
    A Is entitled to remuneration at the discretion of the principal Correct Answer Incorrect Answer
    B Is entitled to remuneration if the parties mutually agree for the same Correct Answer Incorrect Answer
    C Affecting only the principal's rights, not the agent's remuneration Correct Answer Incorrect Answer
    D Not entitled to any remuneration in respect of that part of the business which he has misconducted Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Contract Act,  Section 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.

    Practice Next
    More Banking Related Laws Questions
    ask-question