LAW OF AGENCY: NOT TO LET HIS INTEREST CONLIFCT WITH DUTY Flashcards
1
Q
What must an agent do?
A
- An agent cannot allow his personal interest to conflict with his duty, must act in benefit of the principal.
- An agent cannot act for both parties without consent of both parties.
2
Q
What example is under section 168?
A
- An agent, who is employed to buy shares, cannot sell his own shares to the principal without his knowledge and consent.
- The principal can repudiate the contract even though the agent sold it at market price.
3
Q
What is the case for this?
A
- Wong Mun Wai v Wong Tham Fatt and Anor.
3
Q
What happened in Wong Mun Wai v Wong Tham Fatt and Anor?
A