law of agency

law of agency

University

10 Qs

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law of agency

law of agency

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To whom the agent is responsible?

Principal

Sub Agent

Contractor

None of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In order for the principal to ratify a contract P must have been in existence both when the contract was made and at the date of ratification. As shown in....

Freeman & Lockyer V Buckhurst Park Properties Ltd (1964)

Kelner V Baxter (1866)

Great Northern Railway V Swaffield (1874)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A third party cannot rely on apparent authority when he knows of the lack of actual authority.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Principal's liability to the agent....

To request remuneration or commission for services performed

To claim remuneration or commission for services performed

To claim an indemnity against P for most expenses reasonably incurred in carrying act his obligations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts are made between the principal and the third party or directly with the agent.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ arises where P implies that A is his agent even though that is not. He is then prevented or "stopped" from denying A's authority.

Ratification

Estoppel

Necessity

Agreement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Note that a void or illegal contract may still be ratified.

True

False

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