BC Law Ch 9 Agency and Company Officers

BC Law Ch 9 Agency and Company Officers

University

12 Qs

quiz-placeholder

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BC Law Ch 9 Agency and Company Officers

BC Law Ch 9 Agency and Company Officers

Assessment

Quiz

Other

University

Medium

Created by

JOEL JW LIM

Used 15+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

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Select the types of authority that apply in the law of Agency.

Actual Authority

Applied Authority

Implied Authority

Apparent Authority

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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An agent has _______ authority to do all that is necessary to carry out what the principal expressly authorised him to do in the ordinary course of business.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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When is an agent entitled to use his discretion?

An agent may never use his discretion as he must follow the principal's instructions.

An agent may use his discretion if the principal has given clear instructions.

An agent may use his discretion if the principal has given ambiguous instructions.

An agent may use his discretion if he knows the subject matter better than the principal.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Which of the following is NOT a way for an agency relationship to be created?

Express agreement

Implied agreement

Principal's ratification

Principal's verification

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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If a company decides to appoint a CEO, it must maintain a register of CEOs with ACRA.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Any liquidator appointed by the court is an officer of the company.

True

False

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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Where a person is an undischarged bankrupt, that person is _ disqualified from being a company director.

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