Quiz on Termination of Agency

Quiz on Termination of Agency

University

10 Qs

quiz-placeholder

Similar activities

Agen Law

Agen Law

University

10 Qs

law of agency

law of agency

University

10 Qs

T1 Introduction to Corporate Finance

T1 Introduction to Corporate Finance

University

10 Qs

THEORIES OF CORPORATE GOVERNANCE

THEORIES OF CORPORATE GOVERNANCE

University

15 Qs

PARTIES INVOLVED IN EXIM ACTIVITIES : PART 2

PARTIES INVOLVED IN EXIM ACTIVITIES : PART 2

University

7 Qs

Law of Agency: Chapter 26 & 27 Revision

Law of Agency: Chapter 26 & 27 Revision

University

7 Qs

Agency law quiz

Agency law quiz

University

9 Qs

Quiz 2: Partnership

Quiz 2: Partnership

University

15 Qs

Quiz on Termination of Agency

Quiz on Termination of Agency

Assessment

Quiz

Other

University

Hard

Created by

ZURAMAZNUM SAINAN

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How can agency be terminated by the act of the parties?

By unilateral decision

By court order

By mutual consent

By legal notice

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is required for the principal to revoke the agent's authority?

No notice required

Reasonable notice

Implied notice only

Express notice only

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which situation the principal cannot revoke the agent's authority?

When the agent is dishonest

When the agent is incompetent

When the agent is unavailable

When the agent has an interest in the property

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When is the agency terminated by operation of law?

By principal's retirement

By completion of the contract

By mutual agreement

By agent's decision

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What happens if the principal dies and the agent has an interest in the property?

The agency is terminated

The agent must pay a fee

The agent must resign

The agency continues

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In case of the principal's death, when is the termination effective?

Upon third-party's knowledge only

Immediately

After 24 hours

Upon agent's and 3rd party's knowledge

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What happens if the agent renounces the business without notice?

The agent must compensate the principal

The agency is terminated

No consequences

The principal must pay damages

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?