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A, a resident of Chennai, is an agent for B, a resident of Delhi. There is an express contract between them that all sums remitted by B to A will be invested by A in accordance with B's direction. B remits Rs. 5 lakhs to A with the direction that it be invested in buying shares of X company. A instead invests the same in buying shares of Y company believing in good faith that this will fetch more profit to B than investing the money in X company as directed by B. B suffers loss, because the value of shares of Y company declines. A is liable

A, a resident of Chennai, is an agent for B, a resident of Delhi. There is an express contract between them that all sums remitted by B to A will be invested by A in accordance with B's direction. B remits Rs. 5 lakhs to A with the direction that it be invested in buying shares of X company. A instead invests the same in buying shares of Y company believing in good faith that this will fetch more profit to B than investing the money in X company as directed by B. B suffers loss, because the value of shares of Y company declines. A is liable Correct Answer For criminal breach of trust as B had entrusted the money to A and A had invested it in violation of B's directions

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