Agency, Bailment, Pledge

Indian Contract Act came in the year

The person who acts on behalf of another is called

• Principal

• Agent

• Customer

• Third Party

The authority to sign a legal document on behalf of another is called

• Universal Agent

• Special Agent

• Power of Attorney

• Signature Power

Mr Raj appointed two agents - Mr. Saj for his shop in Ahmedabad, and Mr. Ron for his shop in Surat. Mr. Saj and Mr. Ron are called _____?

• Co- Agents

• Sub- Agents

• Special Agents

• None of the above

Which type of agency comes into existence after the act of agent is given consent by the principal?

• Estoppel

• Ratification

• Necessity

• Expressed

What is right of lein?

• Right to retain

• Right to stop in transit

• Right to get remunaration

• Right to get paid

What is delegation of authority in Contract of Agency?

• Co-agent

• Sub agent

• General agent

• Universal Agent

The right to compensate for loss is known as Right to _____

In case of misrepresentation by the agent, who would be liable?

• Principal

• Agent

• Both

• None

The principal has the right to terminate the agency without giving notice

• True

• False