Agent remuneration becomes payable on completion of the act, yet agents may retain monies received for goods sold. Absent a special contract, an agent's payment is due only on completion of the act; however, an agent who has received moneys on account of goods sold may detain those moneys even if not all consigned goods have been sold or the sale is not actually complete.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Agent remuneration becomes payable on completion of the act, yet agents may retain monies received for goods sold.
Absent a special contract, an agent's payment is due only on completion of the act; however, an agent who has received moneys on account of goods sold may detain those moneys even if not all consigned goods have been sold or the sale is not actually complete.
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