New RBI Grade B 2024 Batch 7 45+ 20 Days Study Plan; Download Now !!!
Register

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.

Practice Next
×
×