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Section 218, Contract Act 1872: Agent's Duty To Pay Sums Received For Principal

Section 218 under the Chapter X (Agency - Appointment and authority of agents) of the Contract Act, 1872 of India - 'Agent's duty to pay sums received for principal', is reproduced hereunder:—

“Subject to such deductions, the agent is bound to pay to his principal all sums received on his account.”

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