Compensation for revocation by principal, or renunciation by agent.— Where there is an express or implied contract that the agency should be continued for any period of time, the principal must make compensation to the…
Notice of revocation or renunciation.— Reasonable notice must be given of such revocation or renunciation, otherwise the damage thereby resulting to the principal or the agent, as the case may be, must be made good…
Revocation and renunciation may be expressed or implied.— Revocation and renunciation may be expressed or may be implied in the conduct of the principal or agent respectively. Illustration A empowers B to let A’s house.…
When termination of agent’s authority takes effect as to agent, and as to third persons.— The termination of the authority of an agent does not, so far as regards the agent, take effect before it…
Agent’s duty on termination of agency by principal’s death or insanity.— When an agency is terminated by the principal dying or becoming of unsound mind, the agent is bound to take, on behalf of the…
Termination of sub-agent’s authority.— The termination of the authority of an agent causes the termination (subject to the rules herein contained regarding the termination of an agent’s authority) of the authority of all sub-agents appointed…
Agent’s duty in conducting principal’s business.— An agent is bound to conduct the business of his principal according to the directions given by the principal, or, in the absence of any such directions, according to…
Skill and diligence required from agent.— An agent is bound to conduct the business of the agency with as much skill as is generally possessed by persons engaged in similar business, unless the principal has…
Agent’s accounts.— An agent is bound to render proper accounts to his principal on demand.