For a valid Agency contract, the Agent...
1.1.2 Creation of Agency

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Other
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University
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Hard

Maxime Chevalier
Used 37+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
must be the age of majority and sound of mind.
must be competent.
must be older than the principal.
There is no requirement for validity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the risk of having a agent which is not sound of mind or in the age of majority
The contract is void.
The contract is valid, so he is responsible of his acts.
The contract is valid but the agent is not responsible toward the principal.
The agent does not get any commission .
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a valid Agency contract, the principal
must be in the age of majority and sound of mind.
can be a minor.
can be someone unsound of mind but will not be entitled to sue the agent.
must be a business man.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
X is an agent of Y but is not getting anything in exchange, he has no interest into this contract.
His contract is void for lack of consideration.
His contract is valid.
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
An agency contract is formed
By an oral agreement
By behaviour
By a state of necessity
By written agreement only
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An express agency contract is
Expressly written
Written or Oral
Written, oral or by state of necessity
By behaviour
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these situations is an implied Agency contract
By conduct of the parties
By the particularity of the situation
Due to the relation between the parties
By an email requesting/offering to enter into an agency contract
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If, while exceeding its authority, the 'Head of Sales' of a company signs a contract with you in the company's name.
I can't sue the company because he did not have authority from it.
I can sue the company by application of implied agency.
The contract is void, I should have checked that he had authority.
I can use the Estoppel doctrine
9.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the conditions for Agency of necessity?
Inability to communicate with principal
Already having an established relationship
Bina fide in the interest of the party concerned
Act should be reasonably necessary
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