Laws of Agency Quizlet:
Which type of agency is created in relation to husband–wife?
(a) Agency of implication
(b) Agency of estoppel
(c) Agency of necessity
(d) Agency of appointed
When is the agent liable to pay compensation to the principal?
(a) Negligence
(b) Misconduct
(c) Giants of skills
(d) All the choices incorporated here
The liability of a pretended agent is known as __
(a) liability by holding out
(b) liability created by law
(c) liability by rectification
(d) liability of relation
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To create an agency __ is not required
(a) principal
(b) third party
(c) agent
(d) consideration
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To whom is the agent responsible?
(a) Contractor
(b) None of these
(c) Sub Agent
(d) Principal
Who creates the contractual relationship between two parties?
(a) Principal
(b) Co-Agent
(c) Broker
(d) Agent
A person employed to do any and represent is called __
(a) principal
(b) servant
(c) agent
(d) owner
__ agents get extra remuneration.
(a) General Agent
(b) Broker
(c) Sub Agent
(d) del credere
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The power given to agents is __
(a) expressed & implied
(b) reasonable & unreasonable
(c) legal & illegal
(d) all of these
Who can become an agent?
(a) Minor
(b) Both Minor & Adult
(c) Adult person
(d) Dead person
Which acts can be rectified by the principal?
(a) Illegal acts
(b) Criminal acts
(c) Void acts
(d) Legal acts
How is the agency created?
(a) by ratification
(b) by necessity
(c) by implication
(d) by all the following methods
Related: Sales of Goods Act MCQ
Auctioneer agent gets __ lien.
(a) general
(b) particular
(c) special
On which name does the factoring agent have the right to sell the goods?
(a) By seller or buyer name
(b) by the name of the seller
(c) By name of purchaser
(d) His name
Can the principal rectify the tortuous acts?
(a) No
(b) Yes
(c) Sometimes
(d) As per circumstance
A broker who does only the work of insurance called __
(a) general agent
(b) del Crader agent
(c) special agent
(d) commission agent
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Who appoints a sub-agent?
(a) Principal
(b) Main agent
(c) Servant
(d) Owner
Which Guarantee is given by the del credere agent?
(a) Solvency of purchaser
(b) Solvency of Agent
(c) Own Solvency
(d) Solvency of seller
On whose insolvency the agency is terminated?
(a) Sub agent
(b) Del credere
(c) Agent
(d) Principal
Whose interest is involved in the Agency coupled with the agency?
(a) Principal
(b) Main agent
(c) Third party
(d) Subagent
Related: Contracts of Indemnity and Guarantee MCQ
Can a minor appoint an agent?
(a) Under Specific circumstances
(b) Always
(c) Never
(d) Sometimes
Under which circumstances does the agent become personally responsible?
(a) fraudulent transactions
(b) ultra virus
(c) fraud
(d) All as under
To whom are the acts of the agent binding?
(a) Del – Creader
(b) Subagent
(c) Third party
(d) Principal
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