Dear Seniors,
Would like to know the position on the following transaction.
- A has given power to B to sell A's property and account for the same.
- B has sold this property for consideration to C AND B HIMSELF.
My doubt is whether, in the absence of any specific averment in the power to the effect that this property could be sold either to B himself or to others, whether B acting as a power agent, sell the property to himself. that is to say whether B can be both SELLOR & PURCHASER.
Please clarify.
Regrds,
PRK
