WorksheetsBUSINESS LAW
Total questions: 10
Worksheet time: 5mins
Which of the following is NOT the party in agency?
Principle
Agent
Principal
Third party
Who is an agent?
The person to whom such act is done or who is so represented.
The person who does a specified type of work or who works in a specified way.
The person employed to do any act for another or to represent another in dealing with third parties.
The person who is in charge of a worker, group, or organization.
Pick the capacities of principal.
Age of majority & sound mind
Able to manage
Unqualified
unconditional
Agency can be created in _______ ways.
4
5
3
6
Implied appointment can be formed in THREE (3) ways which are as follow EXCEPT:
relationship between husband and wife.
Partnership Act 1961.
love and affection.
circumstances of the case.
Types of agency by function, EXCEPT:
Board of Director
Broker
Factor
Del Credere
There are ____ rights and duties of an agent towards principal.
8
9
10
7
There are _____ rights and duties of principal towards agent.
7
6
4
3
Section _________ of Contract Act 1950 deals with the manner in which an agent's authority may be terminated.
Section 154 - 163
Section 163 - 175
Section 147 - 153
Section 137 - 146
There are ______ ways to termination of agency.
5
4
3
6
