Question

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Explain the termination of agency under the contract act 1872​

Answer 1

Answer:

Termination of agency is when the relationship between principle and agent comes to an end. An agreed relationship between the principle and the agent by agreement or law by a third party known as the agency in the contract. The agent deals with third parties on behalf of the principal.

Section- 182 of the Indian contract act defines the agent and principal. Any person whose behalf or under control agent works is called principle. Example- Your boss at work.

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Answer 2

Answer:

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• Section 201 Termination of agency:

• An agency is terminated by the principal revoking his authority, or by the agent renouncing the business of the agency; or by the business of the agency being completed; or by either the principal or agent dying or becoming of unsound mind; or by the principal being adjudicated.

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Explanation:

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