Law of Agency Introduction

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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.' (C)</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 (A)</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

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