The Indian Contract Act

Agent's duty in conducting principal's business

Skill and diligence required from agent

Agent's accounts

Agent's duty to communicate with principal

Right of principal when agent deals, on his own account, in business of agency without principals consent

Principal's right to benefit gained by agent dealing on his own account in business of agency

Agent's right of retainer out of sums received on principal's account

Agent's duty to pay sums received for principal

When agent's remuneration becomes due

Agent not entitled to remuneration for business misconducted

Agent's lien on principal's property


Agent's duty to principal


An agent may retain,
out of any sums received on account of the principal in the business of the agency, all moneys due to
himself in respect of advances made or expenses properly incurred by him in conducting such business,
and also such remuneration as may be payable to him for acting as agent.

LAWGIST

# 217 Agent's right of retainer out of sums received on principal's account