Question Tag: Legal Authority

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BL – May 2014 – L1 – SA – Q16 – Partnership Law

Understanding the rights of a limited partner in a partnership.

A limited partner must:
A. Take part in the management of the partnership business
B. Not take part in the management of the partnership business
C. Have the power to bind the partnership firm
D. Have power to sign cheques and other documents
E. Have power to introduce a new general partner

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BL – Nov 2013 – L1 – SB – Q3b – Agency Law

Stating five different types of agents recognized under the law of agency.

In modern society, no one person can do all things. Therefore, power or authority to act has to be given to other persons to act or do certain things on behalf of another. As such, agents must be appointed one way or the other.

You are required to:
State FIVE types of agents under the law of agency.

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BL – MarJul 2020 – L1 – SA – Q12 – Agency Law

Question on identifying the type of agent who can perform all acts on behalf of the principal in the course of business.

An agent who can do all acts in the course of business on behalf of the principal is referred to as
A. Subordinate principal
B. Authorised agent
C. Superior agent
D. Acting principal
E. General agent

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BL – May 2014 – L1 – SA – Q16 – Partnership Law

Understanding the rights of a limited partner in a partnership.

A limited partner must:
A. Take part in the management of the partnership business
B. Not take part in the management of the partnership business
C. Have the power to bind the partnership firm
D. Have power to sign cheques and other documents
E. Have power to introduce a new general partner

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You're reporting an error for "BL – May 2014 – L1 – SA – Q16 – Partnership Law"

BL – Nov 2013 – L1 – SB – Q3b – Agency Law

Stating five different types of agents recognized under the law of agency.

In modern society, no one person can do all things. Therefore, power or authority to act has to be given to other persons to act or do certain things on behalf of another. As such, agents must be appointed one way or the other.

You are required to:
State FIVE types of agents under the law of agency.

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BL – MarJul 2020 – L1 – SA – Q12 – Agency Law

Question on identifying the type of agent who can perform all acts on behalf of the principal in the course of business.

An agent who can do all acts in the course of business on behalf of the principal is referred to as
A. Subordinate principal
B. Authorised agent
C. Superior agent
D. Acting principal
E. General agent

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You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q12 – Agency Law"

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