Question

explain the rights and duties of an agent towards his principal​

Answer 1

Answer:

The duties of agents are: As per section 211, an agent shall act within the scope of authority that his principal confers upon him. Also, he shall strictly follow the directions of his principal. ... As per section 213, an agent shall is under the duty not to disclose any confidential information of his principal.

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Answer 2

Answer:

An agent represents his principal to the third parties. As per sections 222 and 223, an agent has a right to be indemnified by his principal for all charges, expenses, and liabilities that he incurs during the course of the agency.

Duties of agents

A principal has a right to sue his agent for damages in case of breach of duty by the agent. The duties of agents are:

1. As per section 211, an agent shall act within the scope of authority that his principal confers upon him. Also, he shall strictly follow the directions of his principal. However, in the absence of express instructions from his principal, he shall follow the custom prevailing at the place where he carries out his business, in a similar type of business.
2. Section 212 states that he shall work with reasonable skill and diligence. Also, where the nature of the agent’s profession requires him to possess a special skill, he shall exercise the skill that a member of that profession will exercise.
3. An agent shall disclose properly any material information to his knowledge to the principal that can influence the making of the contract.
4. As per section 213, an agent shall is under the duty not to disclose any confidential information of his principal.
5. Section 215 states that an agent shall not compete with his principal. In other words, his interest shall not conflict with his duty.
6. It is the duty of the agent to keep true and fair accounts and prepare them on a reasonable notice to render them.
7. An agent shall not make any secret profit and shall disclose any extra profit he makes to the principal. Where the principal finds that the agent is making secret profits, he may dismiss the agent without notice, recover the amount of profit and also refuse to pay him his remuneration. He may also repudiate a contract where a third party is also involved in the fraud and recover the damages.
8. He shall not appoint a sub-agent.