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Section 218 of the Indian Contract Act, 1872. | Vidhi Judicial Academy

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Home/Indian Contract Act, 1872/Section 218 of the Indian Contract Act, 1872.

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

Section 218 of the Indian Contract Act, 1872.

1 min read

Agent’s duty to pay sums received for principal.—

Subject to such deductions, the agent is bound to pay to his principal all sums received on his account.

Also Check: The Indian Contract Act Free One Liner Notes

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Section 1 of the Indian Contract Act, 1872.Short title. This Act may be called the Indian Contract Act, 1872. Extent, Commencement. It extends to the…Section 2 of the Indian Contract Act, 1872.Interpretation-clause. In this Act the following words and expressions are used in the following senses, un…Section 3 of the Indian Contract Act, 1872.Communication, acceptance and revocation of proposals. The communication of proposals, the acceptance of pr…Section 4 of the Indian Contract Act, 1872.Communication when complete. The communication of a proposal is complete — when it comes to the knowledge o…Section 5 of the Indian Contract Act, 1872.Revocation of proposals and acceptances. A proposal may be revoked at any time before the communication of…Section 6 of the Indian Contract Act, 1872.Revocation how made. A proposal is revoked— (1) by the communication of notice of revocation by the propose…Section 7 of the Indian Contract Act, 1872.Acceptance must be absolute. In order to convert a proposal into a promise, the acceptance must— (1) be abs…Section 8 of the Indian Contract Act, 1872.Acceptance by performing conditions, or receiving consideration. Performance of the conditions of a proposa…

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