Revocation where authority has been partly exercised
Chapter 11: Agency
The principal cannot revoke the authority given to his agent after the authority has been partly exercised, so far as regards such acts and obligations as arise from acts already done in the agency.
Illustrations.
(a)A authorizes B to buy 1,000 bales of cotton on account of A, and to pay for it out of A‟s moneys remaining in B‟s hands. B buys 1,000 bales of cotton in his own name, so as to make himself personally liable for the price. A cannot revoke B‟s authority so far as regards payment for the cotton.
(b) A authorizes B to buy 1,000 bales of cotton on account of A, and to pay for it out of A‟s moneys remaining in B‟s hands. B buys 1,000 bales of cotton in A‟s name, and so as not to render himself personally liable for the price. A can revoke B‟s authority to pay for the cotton.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 201Termination of agency
- 202Termination of agency, where agent has an interest in subject-matter
- 203When principal may revoke agent‟s authority
- 205Compensation for revocation by principal, or renunciation by agent
- 206Notice of revocation or renunciation
- 207Revocation and renunciation may be expressed or implied