🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Law of Agency Introduction
10 Questions
0 Views

Law of Agency Introduction

Created by
@LuckyMookaite2399

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Who acquires rights and liabilities under a contract in the concept of agency?

  • The third party
  • The agent
  • The principal (correct)
  • Both the principal and the agent
  • What legal relationship is created between the principal and the agent?

  • Employment
  • Joint venture
  • Agency (correct)
  • Partnership
  • In which country's law are agency disputes applicable in Sri Lanka?

  • United States
  • England (correct)
  • Sri Lanka
  • India
  • What does 'Qui facit per alium facit per se' mean?

    <p>'He who acts through another does the act himself.'</p> Signup and view all the answers

    Which law governs agency in Sri Lanka according to section 3 of the Civil Law Ordinance No. 5 of 1852?

    <p>The law applicable in England</p> Signup and view all the answers

    What is the general principle of contract law regarding rights and liabilities under a contract?

    <p>Only the parties to the contract acquire rights and liabilities under it.</p> Signup and view all the answers

    Who is a representative called an 'AGENT' contracting with on behalf of another person called the 'PRINCIPAL'?

    <p>The representative contracts with third parties on behalf of the principal.</p> Signup and view all the answers

    What legal relationship is created between the principal and the agent in the concept of agency?

    <p>The legal relationship between the principal and agent is called 'AGENCY'.</p> Signup and view all the answers

    What is the law governing agency in Sri Lanka according to section 3 of the Civil Law Ordinance No. 5 of 1852?

    <p>The law governing agency in Sri Lanka is the law applicable in England.</p> Signup and view all the answers

    Is there a main statute law applicable to agency in Sri Lanka?

    <p>No, there is no main statute law applicable to agency in Sri Lanka.</p> Signup and view all the answers

    More Quizzes Like This

    Law of Agency Quiz
    32 questions

    Law of Agency Quiz

    ElatedHurdyGurdy1140 avatar
    ElatedHurdyGurdy1140
    Understanding Agency Concepts
    16 questions
    Agency Law Basics
    40 questions

    Agency Law Basics

    RomanticJadeite7543 avatar
    RomanticJadeite7543
    Understanding Agency in Law
    16 questions
    Use Quizgecko on...
    Browser
    Browser