UAE Commercial Transactions Law

Article 240 — Article (240)

Book Two: Commercial Obligations and Contracts · Part Six: Commercial Agency · Chapter Two: Certain Types of Commercial Agencies: 1- Contract Agency: Article (215) · 2- Commision Agency: Article (227)

1. Where the commission agent who is assigned to sell is declared bankrupt before receiving the price, the principal may claim payment of the price directly from the buyer. 2. Where the commission agent who is assigned to buy is declared bankrupt before he receives the item sold, the principal may claim delivery of the item sold directly from the seller.

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