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JOINT AND SEVERAL LIABILITY OF THE PRINCIPAL AND THE AGENT

person DateMarch 5, 2017

JOINT AND SEVERAL LIABILITY OF THE PRINCIPAL AND THE AGENT

Section 182 of the Indian Contracts Act, 1872 defines ‘Agent’ and the ‘Principal’. According to the section 182 of the Indian Contract Act, 1872 an ‘Agent’ is a person employed to do any act for another or to represent another in dealings with the third person whereas a ‘principal’ is a person for whom the act is done or who is so represented.

When the principal and the agent get into a contract or agreement by the mutual agreement an ‘agency’ is created. By the creation of the Agency, principal grants authorities to the agent to act on behalf of him and under his control.

A principal will be liable for the acts and actions done by the agent during thje scope of agency. Any legal liability that arises due to the agent’s actions, the act done on behalf of the principal, the liability falls on the principal.

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