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

    Question

    Where the agent has himself an interest in the property

    which forms the subject-matter of the agency, the agency______________
    A Can be terminated Correct Answer Incorrect Answer
    B Can be terminated at the discretion of the principal Correct Answer Incorrect Answer
    C Can be terminated at the discretion of the agent Correct Answer Incorrect Answer
    D Cannot, in the absence of an express contract, be terminated to the prejudice of such interest Correct Answer Incorrect Answer
    E Maybe be terminated if the parties mutually agree for that Correct Answer Incorrect Answer

    Solution

    Contract Act  Section 202. Termination of agency, where agent has an interest in subject-matter: Where the agent has himself an interest in the property which forms the subject-matter of the agency, the agency cannot, in the absence of an express contract, be terminated to the prejudice of such interest.

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