An agent must render proper accounts to the principal
Aonly at each year end
Bnever, if expenses were paid
Conly if the principal pays
Don demand by the principal
Answer & Solution
Correct answer: D. on demand by the principal
Section 213 makes the duty to render accounts arise when the principal asks for them.
Keep practising Agency
Browse all Agency questions for CA Foundation, or explore more Businesslaw topics.
Related questions
An agent for sale makes an unauthorised misrepresentation and C buys. The contract isFrauds by agents in matters outside their authorityA tells B not to sell below a set price, but C, unaware, buys below it from B. A isA principal who made third persons believe an agent's acts were authorised isA person who contracted as agent but really acted on his own accountA person untruly claims to be an agent and no ratification follows. He mustA third party induces belief that only the principal is liable. He laterA sells cotton to B and later learns B was agent for C. A may sue