WorksheetsLaw of Agency Quiz
Total questions: 10
Worksheet time: 5mins
What is the definition of an agent according to the Contracts Act 1950?
A person who is not liable towards their principal for acts done by them as agents
A person employed to do any act for another or represent another in dealings with third person
A person who owns a shop in Kuantan
A person who is below 18 years of age
Who can become an agent according to Section 136 of the Contracts Act 1950?
Any person who is not liable towards their principal for acts done by them as agents
Any person who is not of sound mind
Any person who is below 18 years of age
Any person who is eighteen years old and above and who is of sound mind
How can an agency be created according to the Contracts Act 1950?
Express appointment, implied appointment, ratification, necessity, and estoppel
Express appointment, implied appointment, and necessity
Ratification, necessity, and estoppel
Express appointment, implied appointment, and ratification
Under what circumstances can an agency be ratified according to Section 149 of the Contracts Act 1950?
When acts are done by one person on behalf of another but without his knowledge or authority
When the principal accepts and confirms such a contract
When the principal has full knowledge of all material facts
When the principal has no contractual capacity at the time of ratification
What are the duties of a principal to an agent according to the Contracts Act 1950?
Agent's right to retainer out of sums received on principal's account, agent's duty to pay sums received for the principal
Agent's duty to communicate with the principal, right of principal when agent deals on his own account
Skills and diligence required from the agent, agent's account
Indemnify against consequences of lawful acts, indemnify against consequences of acts done in good faith
What is the authority of an agent according to the Contracts Act 1950?
Actual or apparent
Express or implied
Express, implied, or from the conduct of parties
Express, implied, or from the circumstances of the case
How can an agency be terminated according to the Contracts Act 1950?
By the agent's remuneration becoming due, by the agent's lien on principal's property
By the expiry of the period fixed in the contract, by the agent's misconduct
By the act of party, by the death of the agent
By the act of party, by operation of law
Under what circumstances can an agency be revoked by operation of law?
When the contract of agency has been performed, upon the expiry of the period fixed in the contract
Death of the principal or agent, when the principal or agent become insane
When the principal or agent become insolvent, upon the happening of an event which renders the agency unlawful
All of the above
What is the duty of the principal to an agent according to Section 175 of the Contracts Act 1950?
To indemnify against consequences of lawful acts
To indemnify against consequences of acts done in good faith
Non-liability of employer of agent to do criminal act
Compensation to agent for injury caused by principal's negligent
What is the type of authority an agent may have according to the Contracts Act 1950?
Actual or apparent
Express, implied, or from the circumstances of the case
Express or implied
Express, implied, or from the conduct of parties
