CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following are the rights available to agents?

A
Right to remuneration
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Right to retainer
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Right to lien
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
All of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is C All of the above
An agent is any person who has been legally empowered to act on behalf of another person. Agents are employed to represent their client in negotiations or dealings with third parties.
As per the terms of agency contract, agent has rights to claim remuneration.
Agent has right to deduct the amount which is due to him by principal, from amount payable to principal.
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Insurance - Functions, Principles, Elements part 1
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon