Which statement is true regarding ldquo agency rdquo under the Indian law of contract ........

Indian Contract Act (ICA)1872 Contract of Agency

Download Solution PDF

Which statement is true regarding “agency” under the Indian law of contract?

Principal should be competent to contract

The authority of agent may be expressed and not implied

Consideration is necessary to create an agency

Any person can become an agent

छोटे Courses बड़े Results

Master Contract of Agency

Prepare through Micro-courses

Try Now

Explanation:

Sections 183,185 and 186 of the Indian Contract Act –
183. Who may employ agent. Any person who is of the age of majority according to the law to which he is subject, and who is of sound mind, may employ an agent.
185. Consideration not necessary. No consideration is necessary to create an agency.
186. Agent's authority may be expressed or implied. The authority of an agent may be expressed or implied.