Agency – NBC Institute

BL – Nov 2020 – L1 – SB – Q5c – Agency Law

List the duties of an agent in an agency contract.

Question

Parties under a contract of agency have certain rights and duties.

Required:
State FIVE duties of an agent under a contract of agency.

Answer

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Tags: Agency, Agent Duties, Contractual Obligations, Principal-Agent Relationship
Level: Level 1

Topic: Agency Law
Series: NOV 2020

BL – May 2012 – L1 – SB – Q5A – Agency Law

Advise KMS and Stella on the legal implications of Stella's actions.

Question

Stella works as a sales girl for Kampus Multipurpose Stores (KMS), operated by Lucas on the University Campus. Recently, Lucas discovered that whenever he was not around, Stella would pack Lucas’ wares off the shelves and display her own wares on the shelves. Thus, Stella used her employer’s time, resources and facilities to sell her own wares in place of her employer’s. The financial books of KMS were audited last month and the audit revealed that on some occasions, Stella sold her employer’s wares at a higher rate than that recommended and she pocketed the difference. Required: Advise the following parties on the legal implications of their actions: (i) KMS (5 Marks) (ii) Stella (6 Marks)

Answer

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Tags: Agency, Business Law, Employment Law
Level: Level 1

Topic: Agency Law
Series: MAY 2012

BL – Nov 2012 – L1 – SA – Q8 – Agency Law

Identify the type of principal where the agent reveals the principal’s identity.

Question

State the type of principal involved in a situation where the agent has revealed his identity to the third party right from the inception of the transaction between them.

Answer

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Tags: Agency, Contracts, Principal
Level: Level 1

Topic: Agency Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q7 – Agency Law

Identify the type of agency created in an emergency.

Question

Which type of agency is created in an emergency without the opportunity to contact the principal and get his instruction?

Answer

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Tags: Agency, Emergency, Necessity
Level: Level 1

Topic: Agency Law
Series: NOV 2012

BL – May 2013 – L1 – SA – Q14 – Agency Law

This question tests the term describing the agency relationship created by representation.

Question

The relationship that is created as a result of the representation by the principal which leads a third party reasonably to believe that an agency relationship exists is known as agency by ___________.

Answer

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Tags: Agency, Estoppel
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – May 2013 – L1 – SA – Q6 – Agency Law

This question tests knowledge of the parties in an agency relationship.

Question

The parties to an agency relationship are agent and ___________.

Answer

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Tags: Agency, Principal
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

Question

Any act or statement which clearly shows the intention of the principal to adopt the action taken on his behalf by the agent is known as:

A. Ratification
B. Estoppel
C. Revocation
D. Consideration
E. Novation

Answer

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Tags: Agency, Principal-Agent Relationship, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the type of agent who can perform all acts on behalf of the principal.

Question

An agent who can perform all acts on behalf of the principal is called

A. A broker
B. A del credere agent
C. A general agent
D. An estate agent
E. A factor agent

Answer

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Tags: Agency, Agents, Contract Law, Multiple Choice
Level: Level 1

Topic: Agency Law
Series: NOV 2013

BL – May 2018 – L1 – SA – Q12 – Agency Law

Identify the type of agency created through conduct leading a third party to believe in an agency relationship.

Question

The agency relationship created when a person, by his conduct, led a third party to believe that someone is his agent, is agency by:
A. Intuition
B. Estoppel
C. Necessity
D. Ratification

Answer

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Tags: Agency, Estoppel, Legal Relationships
Level: Level 1

Topic: Agency Law
Series: MAY 2018

BL – Nov 2023 – L1 – SA – Q12 – Agency Law

This question asks about the payment entitlement of an agent concluding a contract for a principal.

Question

In Agency, an agent who concludes a contract on behalf of a principal is entitled to be paid:
A. Salary
B. Wage
C. Gratuity
D. Commission
E. Pension

Answer

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Tags: Agency, Contract, Employment Law
Level: Level 1

Topic: Agency Law
Series: NOV 2023

BL – Nov 2020 – L1 – SB – Q5c – Agency Law

List the duties of an agent in an agency contract.

Question

Parties under a contract of agency have certain rights and duties.

Required:
State FIVE duties of an agent under a contract of agency.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Agent Duties, Contractual Obligations, Principal-Agent Relationship
Level: Level 1

Topic: Agency Law
Series: NOV 2020

BL – May 2012 – L1 – SB – Q5A – Agency Law

Advise KMS and Stella on the legal implications of Stella's actions.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Business Law, Employment Law
Level: Level 1

Topic: Agency Law
Series: MAY 2012

BL – Nov 2012 – L1 – SA – Q8 – Agency Law

Identify the type of principal where the agent reveals the principal’s identity.

Question

State the type of principal involved in a situation where the agent has revealed his identity to the third party right from the inception of the transaction between them.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Contracts, Principal
Level: Level 1

Topic: Agency Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q7 – Agency Law

Identify the type of agency created in an emergency.

Question

Which type of agency is created in an emergency without the opportunity to contact the principal and get his instruction?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Emergency, Necessity
Level: Level 1

Topic: Agency Law
Series: NOV 2012

BL – May 2013 – L1 – SA – Q14 – Agency Law

This question tests the term describing the agency relationship created by representation.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Estoppel
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – May 2013 – L1 – SA – Q6 – Agency Law

This question tests knowledge of the parties in an agency relationship.

Question

The parties to an agency relationship are agent and ___________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Principal
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

Question

Any act or statement which clearly shows the intention of the principal to adopt the action taken on his behalf by the agent is known as:

A. Ratification
B. Estoppel
C. Revocation
D. Consideration
E. Novation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Principal-Agent Relationship, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the type of agent who can perform all acts on behalf of the principal.

Question

An agent who can perform all acts on behalf of the principal is called

A. A broker
B. A del credere agent
C. A general agent
D. An estate agent
E. A factor agent

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Agents, Contract Law, Multiple Choice
Level: Level 1

Topic: Agency Law
Series: NOV 2013

BL – May 2018 – L1 – SA – Q12 – Agency Law

Identify the type of agency created through conduct leading a third party to believe in an agency relationship.

Question

The agency relationship created when a person, by his conduct, led a third party to believe that someone is his agent, is agency by:
A. Intuition
B. Estoppel
C. Necessity
D. Ratification

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Estoppel, Legal Relationships
Level: Level 1

Topic: Agency Law
Series: MAY 2018

BL – Nov 2023 – L1 – SA – Q12 – Agency Law

This question asks about the payment entitlement of an agent concluding a contract for a principal.

Question

In Agency, an agent who concludes a contract on behalf of a principal is entitled to be paid:
A. Salary
B. Wage
C. Gratuity
D. Commission
E. Pension

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Contract, Employment Law
Level: Level 1

Topic: Agency Law
Series: NOV 2023

Question Tag: Agency

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BL – Nov 2020 – L1 – SB – Q5c – Agency Law

List the duties of an agent in an agency contract.

You're reporting an error for "BL – Nov 2020 – L1 – SB – Q5c – Agency Law"

BL – May 2012 – L1 – SB – Q5A – Agency Law

Advise KMS and Stella on the legal implications of Stella's actions.

You're reporting an error for "BL – May 2012 – L1 – SB – Q5A – Agency Law"

BL – Nov 2012 – L1 – SA – Q8 – Agency Law

Identify the type of principal where the agent reveals the principal’s identity.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q8 – Agency Law"

BL – Nov 2012 – L1 – SA – Q7 – Agency Law

Identify the type of agency created in an emergency.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q7 – Agency Law"

BL – May 2013 – L1 – SA – Q14 – Agency Law

This question tests the term describing the agency relationship created by representation.

You're reporting an error for "BL – May 2013 – L1 – SA – Q14 – Agency Law"

BL – May 2013 – L1 – SA – Q6 – Agency Law

This question tests knowledge of the parties in an agency relationship.

You're reporting an error for "BL – May 2013 – L1 – SA – Q6 – Agency Law"

BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

You're reporting an error for "BL – May 2013 – L1 – SA – Q8 – Agency Law"

BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the type of agent who can perform all acts on behalf of the principal.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q7 – Agency Law"

BL – May 2018 – L1 – SA – Q12 – Agency Law

Identify the type of agency created through conduct leading a third party to believe in an agency relationship.

You're reporting an error for "BL – May 2018 – L1 – SA – Q12 – Agency Law"

BL – Nov 2023 – L1 – SA – Q12 – Agency Law

This question asks about the payment entitlement of an agent concluding a contract for a principal.

You're reporting an error for "BL – Nov 2023 – L1 – SA – Q12 – Agency Law"

BL – Nov 2020 – L1 – SB – Q5c – Agency Law

List the duties of an agent in an agency contract.

You're reporting an error for "BL – Nov 2020 – L1 – SB – Q5c – Agency Law"

BL – May 2012 – L1 – SB – Q5A – Agency Law

Advise KMS and Stella on the legal implications of Stella's actions.

You're reporting an error for "BL – May 2012 – L1 – SB – Q5A – Agency Law"

BL – Nov 2012 – L1 – SA – Q8 – Agency Law

Identify the type of principal where the agent reveals the principal’s identity.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q8 – Agency Law"

BL – Nov 2012 – L1 – SA – Q7 – Agency Law

Identify the type of agency created in an emergency.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q7 – Agency Law"

BL – May 2013 – L1 – SA – Q14 – Agency Law

This question tests the term describing the agency relationship created by representation.

You're reporting an error for "BL – May 2013 – L1 – SA – Q14 – Agency Law"

BL – May 2013 – L1 – SA – Q6 – Agency Law

This question tests knowledge of the parties in an agency relationship.

You're reporting an error for "BL – May 2013 – L1 – SA – Q6 – Agency Law"

BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

You're reporting an error for "BL – May 2013 – L1 – SA – Q8 – Agency Law"

BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the type of agent who can perform all acts on behalf of the principal.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q7 – Agency Law"

BL – May 2018 – L1 – SA – Q12 – Agency Law

Identify the type of agency created through conduct leading a third party to believe in an agency relationship.

You're reporting an error for "BL – May 2018 – L1 – SA – Q12 – Agency Law"

BL – Nov 2023 – L1 – SA – Q12 – Agency Law

This question asks about the payment entitlement of an agent concluding a contract for a principal.

You're reporting an error for "BL – Nov 2023 – L1 – SA – Q12 – Agency Law"

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