The Eduladder is a community of students, teachers, and programmers just interested to make you pass any exams. So we help you to solve your academic and programming questions fast.
In eduladder you can Ask,Answer,Listen,Earn and Download Questions and Question papers.
Watch related videos of your favorite subject.
Connect with students from different parts of the world.
Apply or Post Jobs, Courses ,Internships and Volunteering opportunity. For FREE
See Our team
Wondering how we keep quality?
Got unsolved questions? Ask Questions

Gns125-principles-of-economics-->View question

Asked On2020-06-01 00:00:00 by:Divyanshu-Changkakoti

Taged users:

Be first to like this question

Be first to dislike this question
Talk about this  Like  Dislike
View all qusetions
Rights of Agents.
Right of Retainer: Agent has right to deduct the amount which is due to him by principal, from amount payable to principal.
Right of stoppage in transit: In case where agent is personally liable, he has right to stop the goods in transit. The good may be moving towards customer or principal.
Right to claim Remuneration: As per the terms of agency contract, agent has rights to claim remuneration.
Right of Indemnity: Principle of indemnity gets operated between principal and agent where principal is implied indemnifier and agent is implied indemnity holder. So agent can make principal answerable for all types of sufferings.
Right of lien: Agent can exercise right of lien but contract act has not specified whether it is general lien or particular lien. Therefore the nature of agent’s lien depends upon mutual understanding

Liabilities of Agents.

Actually agents binds over principal to his activities but there are some situations where agent comes across personal liability. Those situations are as follows;
Terms of contract of agency may create personal liability to agent.
The tradition which is in operation in that particular type of business. May also create personal liability to agent.
If agent does not behave in his capacity as agent and thus runs the transaction in his own way, personal liability arises.
When agent acts for foreign principal, agent is personally liable.
Pretending agent is personally liable.
When agent acts for principal who has not come into existence, agent is personally liable.
In case where principal cannot be sued, Customer sues agent and thus agent is personally liable.
When agency is coupled with interest then also agent is personally liable.                       

Answerd on:2018-06-05 Answerd By:Vishu-vashistha

Be first to like this answer

Be first to dislike this answer
Talk about this  Like  Dislike

You might like this video:Watch more here

Watch more videos from this user Here

Learn how to upload a video over here

Lets together make the web is a better place

We made eduladder by keeping the ideology of building a supermarket of all the educational material available under one roof. We are doing it with the help of individual contributors like you, interns and employees. So the resources you are looking for can be easily available and accessible also with the freedom of remix reuse and reshare our content under the terms of creative commons license with attribution required close.

You can also contribute to our vision of "Helping student to pass any exams" with these.
Answer a question: You can answer the questions not yet answered in eduladder.How to answer a question
Career: Work or do your internship with us.Work with us
Create a video: You can teach anything and everything each video should be less than five minutes should cover the idea less than five min.How to upload a video on eduladder