2. Sec 182 defines an agent as a
person employed to do any
act for another , or to
represent another in
dealings with third persons
the person for whom such
act is done is s called the
principal
AGENT
3. WHAT ARE RIGHTS AND DUTIES?
PROVISIONS HAVE BEEN MADE IN
DIFFERENT SECTIONS OF THE INDIAN
CONTRACT ACT OF 1872 , WHICH CONFER
CERTAIN RIGHTS TO AS WELL AS IMPOSE
CERTAIN DUTIES ON AN AGENT.
IN THE FOLLOWING SLIDES WE SHALL
LOOK INTO THESE RIGHTS AND DUTIES OF
AN AGENT.
4. RIGHTS OF AN AGENT
RIGHT TO DO ALL THE LAWFUL THINGS
(SEC 188)
RIGHT TO APPOINT SUB AGENT AND
SUBSTITUTE AGENT (SEC 191)
RIGHT TO RENOUNCE HIS AGENCY(SEC 201)
RIGHT TO RECEIVE REMUNERATION WHEN
DUE (SEC 219)
RIGHT TO RECEIVE COMPENSATION FOR
PREMATURE REVOCATION (SEC 205)
5. RIGHTS OF AN AGENT
AGENT’S RIGHT OF RETAINER.(SEC 217)
AGENT’S RIGHT OF LIEN ON PRINCIPAL’S
PROPERTY. (SEC 221)
RIGHT TO BE INDEMNIFIED AGAINST THE
CONSEQUENCES OF ALL THE ACTS DONE
IN GOOD FAITH. (SEC 223)
RIGHT OF INDEMNIFICATION AGAINST THE
CONSEQUENCES OF LAWFUL AND/OR
LEGAL ACTS. (SEC 222)
6. DUTIES OF AN AGENT TO HIS
PRINCIPAL
Rights and duties are two sides of the same
coin.
As an agent has certain rights,he has to
perform certain duties for the principal.
An agent owes a number of duties to his
principal depending upon the nature of his
work and his agency.
7. DUTIES OF AN AGENT
Duty to conduct principal’s business
according to his instructions or directions.
To act on behalf of the principal on the
termination of an agency or upon the death
of the principal.( SEC 209)
Agent’s duty to carry on the work with
reasonable care ,skill and diligence. ( SEC
212)
8. DUTIES OF AN AGENT
AGENT’S DUTY TO RENDER ACCOUNTS
PROPERLY TO HIS PRINCIPAL ( SEC 213)
AGENT’S DUTY NOT TO DELEGATE HIS
AUTHORITY ( SEC 190)
DUTY NOT TO DEAL ON HIS OWN
ACCOUNT IN THE BUSINESS OF AGENCY (
SEC 215)
DUTY TO COMMUNICATE WITH PRINCIPAL
IN CASES OF DIFFICULTY (SEC 214)
9. DUTIES OF AN AGENT
DUTY OF AN AGENT NOT TO EARN OR
MAKE SECRET PROFIT. ( SEC 216)
AN AGENT IS BOUND TO EXERCISE THE
SAME AMOUNT OF DISCRETION AS A MAN
OF ORDINARY PRUDENCE WOULD
EXERCISE IN HIS OWN CASE. (SEC 195)
LIABLE FOR DAMAGES: AN AGENT IS HELD
LIABLE FOR DAMAGES FOR BREACH OF
CONTRACT COMMITTED BY HIM. (SEC 220)
