Section 217 Indian Contract Act 1872
Section 217 of the Indian Contract Act 1872 is about Agent’s right of retainer out of sums received on principal’s account. It is under “Agent’s duty to principal” of CHAPTER X of the Act. CHAPTER X is titled AGENCY.
Agent’s right of retainer out of sums received on principal’s account
An agent may retain, out of any sums received on account of the principal in the business of the agency, all moneys due to himself in respect of advances made or expenses properly incurred by him in conducting such business, and also such remuneration as may be payable to him for acting as agent.
Section 216 Indian Contract Act 1872 (Principal’s right to benefit gained by agent dealing on his own account in business of agency)