New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Principal has been defined under Sec. 182 of the Indian Contract Act, 1872 as ____________

    A A person from whom, the person employed to do any act, has to get the work done Correct Answer Incorrect Answer
    B A person employed to do any act for another or to represent in dealings with third person Correct Answer Incorrect Answer
    C A person for whom the act is done or who is so represented in dealings with third person Correct Answer Incorrect Answer
    D Both (a) & (c) Correct Answer Incorrect Answer

    Solution

    an agent as an individual who has been employed by another to act/deal on behalf of him and the person who employs the agent, i.e., the person whom the agent represents is called the principal. 

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