89. Interest payable by agent.

89.     Interest payable by agent.

Interest is payable by an agent in respect of money received by him on his principal's behalf1, under a contract express or implied, or where there has been some default on his part2, such as a dealing with the money in breach of duty3, or a failure to pay it over at the principal's request4, in which cases interest is payable from the date of default5. The agent must also pay interest in all cases of fraud6, and on all bribes7