Question Tag: Agency Law

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BL – Nov 2020 – L1 – SA – Q10 – Agency Law

Objective question on the right of an agent to be reimbursed for expenses incurred in duty.

10. The right of an agent to be reimbursed for expenses incurred in performing his authorised duties is called
A. Remuneration
B. Compensation
C. Indemnity
D. Salary
E. Commission

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BL – May 2012 – L1 – SA – Q5 – Agency Law

Identify the type of agency created in an emergency without instructions.

The type of agency which is created in an emergency without the opportunity to contact the principal and get his instruction is called:

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BL – May 2012 – L1 – SA – Q13 – Agency Law

Determine the number of parties involved in an agency relationship.

An agency relationship is one involving:

A. A single party
B. Two parties
C. Three parties
D. Four parties
E. Five parties

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BL – Nov 2012 – L1 – SA – Q10 – Agency Law

Identify which is NOT a condition for valid ratification.

Which of the following is NOT a condition for a valid ratification under agency law?
A. The professed principal must be in existence at the time of the contract
B. The contract must be professedly made on behalf of an identified or identifiable principal
C. The principal must have enough money to finance the transaction
D. The professed principal must have had full knowledge of all the material facts of the contract at the time of ratification
E. Ratification must be made within a reasonable time

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

Identifies the term for an agent's authority stated in writing.

The authority of an agent stated in writing is known as _____________________.

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BL – Nov 2015 – L1 – SA – Q15 – Agency Law

Breach of duty when an agent makes secret profits.

An agent that makes secret profits has breached his duty of
A. Secrecy
B. Good faith
C. Obedience
D. Assignment
E. Performance

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BL – Nov 2014 – L1 – SB – Q5c – Agency Law

Explain three types of agents under the law of agency.

The law of agency deals with rules that govern the relationship between commercial agents, their principals, and third parties.
You are required to explain briefly any THREE types of agents.
(Total 6 Marks)

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BL – Nov 2014 – L1 – SA – Q15 – Agency Law

Identify the agent representing a principal in the disposal of real property.

An agent that represents a principal in the disposal of real property is called a/an
A. Broker Agent
B. Factor Agent
C. Auctioneer
D. Mercantile Agent
E. Del-credere Agent

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BL – Nov 2021 – L1 – SB – Q4 – Agency Law

Examining corruption, money laundering reporting, electronic fraud, and duties of agents.

a. Adamu, a public officer whose duties relate to the administration of justice, was caught on camera corruptly requesting money from a person with a view to avoiding his duties to favor that person.

Required:

i. Under the Criminal Code, what offence could Adamu be charged for and what punishment is he liable to if convicted? (2 Marks)
ii. What would be Adamu’s punishment on conviction if his duties did not relate to the administration of justice? (2 Marks)

b. Thomas carried out a series of transactions on his bank account involving a frequency considered by the bank manager, Alhaji Adeyemo, to be unjustifiable or unreasonable. Adeyemo reported the transactions to the Economic and Financial Crimes Commission, leading to the interrogation of Thomas. Thomas has now filed a civil action for defamation against Alhaji Adeyemo.

Required:

Advise Alhaji Adeyemo on possible liability for the action and his possible defence. (4 Marks)

c. George, who is the chief accountant of Digital Supermarkets, has reasons to believe that certain online lodgments into the supermarket’s bank account by one of the salesgirls were highly suspicious.

Required:

i. What steps should George take as the accountant? (2 Marks)
ii. Explain briefly what you understand by ‘electronic fraud’. (2 Marks)

d. Brenda, an agent who had instructions to sell her principal’s house in the open market, bought the house for herself using her brother as a front without informing the principal.

Required:

State TWO duties Brenda has breached as an agent. (2 Marks)

e. Ngozi retains part of the goods he was instructed to sell as an agent on the ground that the principal has refused to indemnify him for reasonable expenses incurred in the course of carrying out the agency.

Required:

State the condition under which Ngozi, as an agent, could lawfully retain the goods. (2 Marks)

f. Juliet is an officer of an auctioneer company with instructions to auction properties belonging to Adams, but the warehouse handlers displayed goods belonging to Mathias in error. Mathias has brought a suit against Juliet for negligence.

Required:

i. Advise Juliet on the defence or defences available to her, explaining briefly the rule of law for your advice. (2 Marks)
ii. State TWO necessary ingredients which must be proved by a plaintiff to succeed in an action for negligence. (2 Marks)

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BL – May 2022 – L1 – SB – Q4b – Agency Law

State five circumstances in which an agency may be terminated by operation of law.

An agency relationship can be terminated in two main ways, namely, by express acts of the parties or by operation of law.

Required:
State FIVE circumstances in which the operation of law may terminate an agency.

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BL – Nov 2021 – L1 – SA – Q12 – Agency Law

Defining the rights of an undisclosed principal.

An undisclosed principal
A. Cannot sue a third party based on the acts of the agent done on his behalf
B. Is one whose existence and identity is dual
C. Is one whose identity is not known though his existence is known
D. Can sue a third party based on the acts of the agent done on his behalf
E. Is one who has no known address in Nigeria

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BL – Nov 2022 – L1 – SA – Q12 – Agency Law

Identifying the authority inferred from the acts of both the principal and agent.

The authority which is inferred or observed from the acts of both the principal and agent is referred to as:

A. Unauthorized authority
B. Implied authority
C. Ultimate authority
D. Expressed authority
E. Original authority

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BL – May 2022 – L1 – SA – Q12 – Agency Law

Define the principal’s action when accepting a contract made by an agent without prior authority.

Where an agent acts without an authority of his principal but the principal accepts subsequently to be bound by the contract, the principal’s action is known as
A. Estoppel
B. Ratification
C. Recognition
D. Acceptance
E. Approval

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BL – May 2021 – L1 – SA – Q19 – Agency Law

Identifying which of the given options is not a special agent in agency law.

Who, of the following, is not a special agent?

A. Factor
B. Broker
C. Auctioneer
D. Del credere agent
E. Vendor

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BL – Nov 2023 – L1 – SB – Q2d – Agency Law

Explains the concept of a del credere agent and lists the duties of a principal to an agent.

As business became more complex, the concept of agency was developed to facilitate transactions.
Required:
i. Explain del credere agent. (2 Marks)
ii. State TWO duties of a principal to an agent. (2 Marks)

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BL – Nov 2019 – L1 – SB – Q4c – Agency Law

Circumstances under which an agency may be terminated by operation of law.

Agency may be terminated by acts of the parties.
Required:
State SIX circumstances under which agency may be terminated by operation of the law. (6 Marks)

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BL – May 2023 – L1 – SB – Q3C – Agency Law

Identify and describe different types of agents recognized under agency law.

There are different types of agents under agency law. Required: State SIX types of agents.

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BL – May 2017 – L1 – SB – Q5c – Law of Tort | Agency Law

Discusses whether a principal (Kalu) is liable for the negligent advice given by his agent (Kazeem) in his absence.

While Kalu was away, Kazeem acted for him as the manager of KK Firm. In the process, Kazeem gave a client a wrong advice, although Kalu had advised Kazeem to refrain from giving such an advice in his absence.

Required:
Explain briefly whether or not Kalu is liable in tort to the client.

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BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

Agents have rights that the law accords them.

Required:
State THREE rights of an agent.

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BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

In the law of agency, ratification is equal to
A. Ex post facto authority
B. Posterior authority
C. Antecedent authority
D. Exterior authority
E. Conveyed authority

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