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X is an agent for Y. There is a contract between X and Y that all sums remitted by Y to X shall be invested by X, according to Y's direction. Y remits Rs. 10 lakh to X, with a direction to X to invest the same in 'infrastructure bonds'. X dishonestly disobeys the direction and puts the money in his own business with a hope that the investment will generate more profit. X has committed

X is an agent for Y. There is a contract between X and Y that all sums remitted by Y to X shall be invested by X, according to Y's direction. Y remits Rs. 10 lakh to X, with a direction to X to invest the same in 'infrastructure bonds'. X dishonestly disobeys the direction and puts the money in his own business with a hope that the investment will generate more profit. X has committed Correct Answer Criminal breach of trust

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