Practice free →
HomeCA FoundationbusinesslawAgency › Under Section 221, an agent's lien over the prin…

Under Section 221, an agent's lien over the principal's property entitled him to:

ARetain the principal's goods and papers received by him until his lawful dues are paid
BRetain it forever regardless of payment
CSell the property to recover dues
DRetain property obtained by any means
Answer & Solution
Correct answer: A. Retain the principal's goods and papers received by him until his lawful dues are paid
Section 221 gives the agent a particular lien to retain the principal's property lawfully received until commission, disbursements and services due to him are paid.
Solve this in the app — CA Foundation practice & 24k+ MCQs →
Related questions