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Questions and Answers
A general power of attorney grants authority to a special agent to perform one particular act.
A general power of attorney grants authority to a special agent to perform one particular act.
False
A person appointed as an executor has authority to represent a deceased estate due to an agency agreement.
A person appointed as an executor has authority to represent a deceased estate due to an agency agreement.
False
Ostensible authority is also known as unauthorised management.
Ostensible authority is also known as unauthorised management.
False
Implied agency arises from the conduct of the agent, not the principal.
Implied agency arises from the conduct of the agent, not the principal.
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A principal is bound by a contract entered into by an agent with ostensible authority.
A principal is bound by a contract entered into by an agent with ostensible authority.
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Ratification of an unauthorised contract can occur only if the principal was aware of the contract at the time of its formation.
Ratification of an unauthorised contract can occur only if the principal was aware of the contract at the time of its formation.
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A pre-incorporation contract is a contract entered into by an agent on behalf of a principal before the principal's business is incorporated.
A pre-incorporation contract is a contract entered into by an agent on behalf of a principal before the principal's business is incorporated.
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Estoppel is a doctrine that prevents a principal from denying the authority of an agent with ostensible authority.
Estoppel is a doctrine that prevents a principal from denying the authority of an agent with ostensible authority.
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Unauthorised management, or negotiorum gestio, occurs when an agent acts on behalf of a principal without their authority and with the intention of benefiting the principal.
Unauthorised management, or negotiorum gestio, occurs when an agent acts on behalf of a principal without their authority and with the intention of benefiting the principal.
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A power of attorney is required for the registration of a deed, but not for the creation of an agency.
A power of attorney is required for the registration of a deed, but not for the creation of an agency.
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