Agency

According to Section 135 of Contracts Act 1950, “a person employed to do any act for another or to represent another in dealings with third persons” refers to .......?

• factor

• principal

• agent
• broker

A person who appoints another to act on his/her behalf is called ____________.

• the principal

• the promisor
• the agent
• the beneficiary

The law of agency is governed by ___________.

• Agency Act 1950

• Partnership Act 1961

• Sales of Goods Act 1957

• Contracts Act 1950

Agency can be created by formation through the following situations, EXCEPT;

• Ratification

• Auction

• Estoppel

• Necessity

If an agent is appointed by an appointment letter, an agency is formed by _____________.

• necessity

• ratification

• express appointment

• implied appointment