Section 218
Agent‟s duty to pay sums received for principal
Chapter 11: Agency
Subject to such deductions, the agent is bound to pay to his principal all sums received on his account.
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
- 215Right of principal when agent deals, on his own account, in business of agency without principal‟s consent
- 216Principal‟s right to benefit gained by agent dealing on his own account in business of agency
- 217Agent‟s right of retainer out of sums received on principal‟s account
- 219When agent‟s remuneration becomes due
- 220Agent not entitled to remuneration for business misconducted
- 221Agent‟s lien on principal‟s property