Category of Bare Act | Name of the Act | Year of Promulgation |
---|---|---|
Civil Laws | Indian Contract Act, 1872 | 1872 |
Act Number | Enactment Date | Chapter Number |
9 | 1872-04-25 | 10 |
Chapter Title | Ministry | Department |
Agency, Appointment and Authority of Agents | Ministry of Law and Justice, Legislative Department | Department of Law and Legislative Affairs |
If an agent, without the knowledge of his principal, deals in the business 6f the agency on his own account instead of on account of his principal, the principal is entitled to claim from the agent any benefit which may have resulted to him from the transaction.
Illustration
A directs B, his agent, to buy a certain house for him. B tells A it cannot be bought, and buys the house for himself. Amay, on discovering that B has bought the house, compel him to sell it to A at the price he gave for it.