https://www.taxtmi.com/caselaws?id=180426 A distributorship arrangement was treated as a contract of sale rather than an agency because the distributors bought goods for resale, paid the wholesale price, bore transit risk, and retained the resale margin. Applying Section 182 of the Indian Contract Act, 1872, the Court held that no principal-agent relationship arose, so the notice requirements governing agency under Section 206 did not apply. In any event, the termination letter giving about fifteen days' notice was considered sufficient in the circumstances. The consequence was that the termination of the distributorship was not invalid and the challenge failed. en-us Wed, 01 Nov 1995 00:00:00 +0530 Wed, 23 Mar 2016 14:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180426 A distributorship arrangement was treated as a contract of sale rather than an agency because the distributors bought goods for resale, paid the wholesale price, bore transit risk, and retained the resale margin. Applying Section 182 of the Indian Contract Act, 1872, the Court held that no principal-agent relationship arose, so the notice requirements governing agency under Section 206 did not apply. In any event, the termination letter giving about fifteen days' notice was considered sufficient in the circumstances. The consequence was that the termination of the distributorship was not invalid and the challenge failed. Case-Laws Companies Law Wed, 01 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180426