Agent Duties Explained Clearly
Summary
The Contracts Act 1950 outlines specific duties for agents, including conducting business per principals directions (s164), following lawful instructions (s165), and maintaining skill and diligence (s166). Agents must provide proper accounts (s167), communicate with principals (s168), and avoid self-dealing without consent (s169). They must not make secret profits (s171) and cannot delegate authority unless permitted (s143). Sections 24, 26, 27, and 28 address void agreements due to unlawful considerations, lack of consideration, restraint of trade, and restraint of legal proceedings. Sections 24A-D cover unlawful considerations, objects, and effects of non-compliance with conditions or statutory requirements.Full Conversation
can you explain about s24, s26, s27 and s28 contracts act *
Sure! Here are brief explanations of Sections *, *, *, and * of the Contracts Act *:
- Section *: Agreements void if considerations and objects are unlawful in part.
- Section *: Agreements without consideration, void, unless they are in writing and registered, or for natural love and affection, or are a promise to compensate for something done, or a promise to pay a debt barred by limitation law.
- Section *: Agreements in restraint of trade are void.
- Section *: Agreements in restraint of legal proceedings are void.
Is there anything specific you would like to know more about any of these sections?
how about s24a, s24b, s24c, s24 d
Sure, here's a brief explanation of Sections 24A, 24B, 24C, and 24D of the Contracts Act *:
- Section 24A: Considerations unlawful in part
- Section 24B: Object unlawful in part
- Section 24C: Effect of failure to comply with conditions precedent
- Section 24D: Effect of non-compliance with statutory requirements
Would you like more details on any of these sections?