Bare Acts · Major Laws · Indian Contract Act, 1872 · English Medium Bare Acts

Section 216 of the Indian Contract Act, 1872.

1 min read

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

If an agent, without the knowledge of his principal, deals in the business of the agency on his own account instead of on account of his principal, the principal is entitled to claim from the agent any benefit which may have resulted to him from the transaction.

Also Check: The Indian Contract Act Free Detailed Notes

Illustration

A directs B, his agent, to buy a certain house for him. B tells A it cannot be bought, and buys the house for himself. A may, on discovering that B has bought the house, compel him to sell it to A at the price he gave for it.

Important Links

Free Judiciary Classes ♦ Free One Liner Notes ♦ Free Detailed Notes ♦ Free Mock Tests ♦ Judiciary Syllabus ♦ Judiciary PYQs ♦ Free MCQs ♦ Bare Acts

Section 216 of the Indian Contract Act, 1872.

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

More from the library

Section 9 of the Indian Contract Act, 1872.

Section 10 of the Indian Contract Act, 1872.

Section 11 of the Indian Contract Act, 1872.

Section 12 of the Indian Contract Act, 1872.

Section 13 of the Indian Contract Act, 1872.

Section 14 of the Indian Contract Act, 1872.

Section 15 of the Indian Contract Act, 1872.

Section 16 of the Indian Contract Act, 1872.

Section 17 of the Indian Contract Act, 1872.

Section 18 of the Indian Contract Act, 1872.

Section 19 of the Indian Contract Act, 1872.

Section 19A of the Indian Contract Act, 1872.