Law of Agency Quiz
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Questions and Answers

Which of the following is a way that may arise an agency according to the Contract Act 1950?

  • By express appointment by the principal (correct)
  • By informal appointment by the principal
  • By indirect appointment by the principal
  • By accidental appointment by the principal

    • In what ways can a contract be made according to section 140 of the Contract Act 1950?

  • Oral or in writing form (correct)
  • Through gestures only
  • Through email only
  • Through telepathy

    • What is an example of an express appointment by the principal mentioned in the text?

  • Handshake agreement
  • Power of Attorney (correct)
  • Informal email exchange
  • Verbal agreement

    • Who is represented by the agent in the law of agency?

    <p>Principal</p> Signup and view all the answers

    What does the law of agency entail?

    <p>An agent is authorized to act on behalf of the principal</p> Signup and view all the answers

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