Indian Contract Act,1872

Act No : 9

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Section : Termination of agency where agent has an interest in subject-matter

202.Termination of agency where agent has an interest in subject-matter.-Where the agent has himself an interest in the property whichforms the subject-matter of the agency, the agency cannot, in theabsence of an express contract, be terminated to the prejudice of suchinterest.67 Illustrations (a) A gives authority to B to sell A's land, and to pay himself,out of the proceeds, the debts due to him from A. A cannot revoke thisauthority, nor can it be terminated by his insanity or death. (b) A consigns 1,000 bales of cotton to B, who has made advancesto him on such cotton, and desires B to sell the cotton, and to repayhimself, out of the price, the amount of his own advances. A cannotrevoke this authority, nor is it terminated by his insanity or death.

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