Section 182 of ICA : Section 182: "Agent" And "Principal" Defined

ICA

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Explanation using Example

Imagine that Rita wants to sell her house but she is too busy to deal with potential buyers. She appoints her friend, Arun, as her agent to handle the sale. Arun is now responsible for showing the house, negotiating with buyers, and completing the sale process on behalf of Rita. In this scenario, Arun is the "agent" who is doing the act of selling the house for Rita, the "principal".

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