Agent’s duty in naming such person.— In selecting such agent for his principal, an agent is bound to exercise the same amount of discretion as a man of ordinary prudence would exercise in his own… Section 195 of Indian contract Act
Right of person as to acts done for him without his authority. Effect of ratification.— Where acts are done by one person on behalf of another, but without his knowledge or authority, he may elect… Section 196 of Indian contract Act
Ratification may be expressed or implied.— Ratification may be expressed or may be implied in the conduct of the person on whose behalf the acts are done. Illustrations (a) A, without authority, buys goods for… Section 197 of Indian contract Act
Knowledge requisite for valid ratification.— No valid ratification can be made by a person whose knowledge of the facts of the case is materially defective.
Effect of ratifying unauthorized act forming part of a transaction.— A person ratifying any unauthorized act done on his behalf ratifies the whole of the transaction of which such act formed a part.
Ratification of unauthorized act cannot injure third person.— An act done by one person on behalf of another, without such other person’s authority, which, if done with authority, would have the effect of subjecting a… Section 200 of Indian contract Act
Termination of agency.— An agency is terminated by the principal revoking his authority; or by the agent renouncing the business of the agency; or by the business of the agency being completed; or by either… Section 201 of Indian contract Act
Termination of agency, where agent has an interest in subject-matter.— Where the agent has himself an interest in the property which forms the subject-matter of the agency, the agency cannot, in the absence of an… Section 202 of Indian contract Act
When principal may revoke agent’s authority.— The principal may, save as is otherwise provided by the last preceding section, revoke the authority given to his agent at any time before the authority has been exercised… Section 203 of Indian contract Act