AA, a merchant in Kuala Lumpur, has an agent B in London, to whom a sum of money is paid on AA’s account, with orders to remit. B retains the money for a considerable time. AA, in consequence of not receiving the money, becomes insolvent.
Advise AA of his rights as the principal. Support your answer with reference to the relevant statutory provision.

Answer rating: 100% (QA)

In the given scenario where a principal AA entrusts money to an agent B in London with instructions to remit and the agent retains the money for an ex... View the full answer