New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    When principal may revoke agent's authority as per the

    Contract Act?
    A Cannot be revoke Correct Answer Incorrect Answer
    B At any time, the parties mutually agree for revocation Correct Answer Incorrect Answer
    C At any time after the authority has been exercised but does not bind the principal Correct Answer Incorrect Answer
    D At any time before the authority has been exercised so as to bind the principal Correct Answer Incorrect Answer

    Solution

    At any time before the authority has been exercised so as to bind the principal, S. 203. When principal may revoke agent's authority: The principal may, save as is otherwise provided by the last preceding section, revoke the authority given to his agent at any time before the authority has been exercised so as to bind the principal.

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