114. Liabilities to which right of reimbursement or indemnity does not extend.

An agent is not entitled to reimbursement or indemnity in respect of expenses or liabilities incurred in consequence of his own default1 or breach of duty2, or transactions which are outside the scope of his authority and have not been ratified by his principal3. There is no right of indemnity in respect of the consequences of transactions involving a breach of the criminal law where the party performing them knows that they are unlawful4, or where, being ignorant of their illegality, he knows the circumstances which render them unlawful5, or where the transaction is contrary to public policy6. Consequently