Friday, February 7, 2014

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Agents's Rights

Rights of agent:
Following are the rights of agent.
(I) Right of remuneration:
It is basic right of an agent.
(II) Right of commission:
He has also right of commission.
(III)Right of lien:
An agent has right of lien over goods until the payment in due is received by him.
(IV) Right to retain:
An agent has right to retain goods, papers and other property until the amount due is paid.
(V) Right of compensation:
In case of injury caused to agent by the negligence of principal may be compensated by him.
(VI) Right to be indemnified:
An agent has a right to be indemnified against liabilities on him.
(VII) Right to be indemnified against consequences of acts done in good faith:
He has right to indemnified against the consequences of act done in good faith even through it causes an injury to the rights of third person.
(VIII)Right of stoppage of goods in transit:
He has right of stoppage of goods in transit.

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