Section 202 Indian Contract Act 1872
Section 202 of the Indian Contract Act 1872 is about Termination of agency, where agent has an interest in subject-matter. It is under “Revocation of authority” of CHAPTER X of the Act. CHAPTER X is titled AGENCY.
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.
Illustrations
(a) A gives authority to B to sell A’s land, and to pay himself, out of the proceeds, the debts due to him from A. A cannot revoke this authority, nor can it be terminated by his insanity or death.
(b) A consigns 1,000 bales of cotton to B, who has made advances to him on such cotton, and desires B to sell the cotton, and to repay himself out of the price, the amount of his own advances. A cannot revoke this authority, nor is it terminated by his insanity or death.
See also:
Section 201 Indian Contract Act 1872 (Apportionment of relief or compensation obtained by such suits)
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