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Which of these events does section 201 of the Indian Contract Act, 1872 list as grounds for termination…

Each of the three events appears in section 201. Related provisions qualify how termination works. For example, section 202 protects the agent's interest in the subject…

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Which of these events does section 201 of the Indian Contract Act, 1872 list as grounds for termination of agency?

  1. The agent renounces the business of the agency.
  2. The principal is adjudicated insolvent.
  3. The principal revokes the agent's authority.
Select one answer
Answer and explanation

Correct answer D

Each of the three events appears in section 201.

Related provisions qualify how termination works. For example, section 202 protects the agent's interest in the subject matter in the absence of an express contract to the contrary.

Option feedback

Option A

This omits revocation by the principal, which section 201 also lists.

Option B

This omits renunciation by the agent, which section 201 also lists.

Option C

This omits the principal being adjudicated insolvent, which section 201 also lists.

Option D

Section 201 lists the agent's renunciation, the principal's adjudicated insolvency and revocation by the principal.

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