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Worksheetslaw of agency
Total questions: 13
Worksheet time: 13mins
'He is a person for whom such act is done, or who is so represented in dealing with a third party.'
‘He’ refers to _____
Principal
Agent
Boss
3rd party
The agreement created between principal and agent is _____
Contract of employment
contract of service
contract of agency
contract of necessity
'A person, by his words/conducts, allows a 3rd party to believe that B is his agent even when B is not, and the 3rd party relies on it to his detriment, that person will be estopped/precluded from denying the existence of B’s authority.'
A is agent by ______________
necessity
ratification
holding out
estoppel
_____________ is an authority conferred expressly upon the agent either by oral or written agreement.
express authority
apparent authority
secret authority
special authority
In the agency by ratification, if the principal does not ratify the contract made by the agent, the effect of the contract is _____
The principal will not be responsible for the contract
The agent will not be responsible for the contract
The agent will be responsible for the contract
The principal will be responsible for the contract
In which of the following circumstances, an agency by necessity may be created?
when an agent signed an estoppel agreement
when a person who is with authority act as an agent
when an agent breaches the agreement with the principal
when it is impossible for the agent to get the principal’s instruction
Malaka enters into a contract with Sumith to sell him 1000 kg of wheat. Sumith used his own name when signing the contract. Afterwards Malaka discovered that Sumith was actually acting as an agent for Wasana. If later Wasana breaches the contract, under the law of agency,Malaka _____
cannot sue none of them.
may sue Sumith and Wasana for the price of wheat
may not sue Sumith but may sue Wasana for the price of wheat.
may not sue Wasana but may sue Sumith for the price of wheat.
To whom the agent is responsible?
Principal
Sub Agent
Contractor
None of these
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
Contracts are made between the principal and the third party or directly with the agent.
True
False
_________ 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
To become an agent by necessity requires __________ condition to be satisfied.
A's property is entrusted to P
it's not possible to communicate with A
An emergency arises making it necessary for A to act
An agency relationship can be established in some ways....
by ratification, express necessity, by necessity, enforced agreement
implied necessity, enforced agreement, implied agreement
by estoppel, implied necessity, express necessity
by ratification, implied agreement, by estoppel, by necessity
