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WorksheetsChapter 4: Law of agency
Total questions: 10
Worksheet time: 20mins
Who can be a principal as accordance to Section 136 of Contracts Act 1950?
minor and soundmind
adult and soundmind
minor and unsoundmind
adult and unsoundming
Can a minor becomes an agent?
Yes because a minor can enter into a contract
No because he still a minor
Yes. A minor will be responsible for his act
Yes. A minor will not be responsible for his act
Agent
is the individual employed by the principal to work with the third party.
is an agent that is given the authority to perform a variety of tasks.
is the individual who gives authority to the agent.
is the person or company whom the agent deals with on behalf of the principal.
The person who has authorized an agent to represent him or her
agent
principal
third party
Created when a person acts as an agent for a principal without the principal’s authority, but the principal approves or accepts the act
agency by estoppel
agency by ratification
agency by statute
rules and regulations agency by necessity under section
142
149
135
168
Ivan worked as driver for Lucas. Ivan recklessly droves the car and caused an accident. During the accident he hit Robert's car. Robert claimed damages for his car. Can Robert do so?
Yes, Robert may claimed damages from Lucas
Yes, Robert may claimed damages from Ivan
Not sure
if the agent fails to obey the principle's instruction
the agent will not be liable for any loss incurred
the agent will be liable for any loss incurred
nothing can be do
S166- the agent need to render a proper account to his principle including money received form illegal and void transcription
True
False
the parties in agency contract is
offeror and offeree
seller and buyer
agent and principle
