DPB30073 BUSINESS LAW - Topic 4 v1

Agency is a ....................... relationship that allows or constructs the creation of a legal relation between the principal, third party and the agent.

• square

• circle

• triangular

• hexagon

Agency involves the relationship between ..............

• seller and buyer

• advocate and solicitor

• promisor and promisee

• principal and agent

The law of agency can be found in Part ............... of the Contracts Act 1950.

• X

• IX

• V

• IV

The requirements to be a principal are as follow EXCEPT:

• 18 years old

• sound mind

• adult

• tall

The Act that is used for Agency is ..........................

• The Contracts Act 1950

• The Partnership Act 1961

• The Companies 2016

• The Contracts Act 1960

One of the types of agent known as ................

• factory

• factor

• broker

• locker

Broker is an agent who is engaged to make a contract between ............. principals.

• 2

• 3

• 4

• 5

A factor who is a merchantile agent has more ............ compared to other agent.

• power

• money

• house

• car

........................ is an agent who assumes a super-added duty to ensure the principal is paid by the third party.

• Broker

• Factor

• Commission agent

• Del credere agent

Powers of ........................... is a legal instruments under which the principals confer authority on agents to perform certain acts for the principal.

• attorney

• kidney

• honey

• money