Section 209 Indian Contract Act 1872 (Agent’s duty on termination of agency by principal’s death or insanity)
Section 209 Indian Contract Act 1872
Section 209 of the Indian Contract Act 1872 is about Agent’s duty on termination of agency by principal’s death or insanity. It is under “Revocation of authority” of CHAPTER X of the Act. CHAPTER X is titled AGENCY.
Agent’s duty on termination of agency by principal’s death or insanity
When an agency is terminated by the principal dying or becoming of unsound mind, the agent is bound to take, on behalf of the representatives of his late principal, all reasonable steps for the protection and preservation of the interests entrusted to him.
See also:
Section 208 Indian Contract Act 1872 (When termination of agent’s authority takes effect as to agent, and as to third persons)