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      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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