An agency relationship which is made retrospectively is known as an agency by: a. Estoppel b. Ratification c. Necessity d. Commerce

An agency relationship which is made retrospectively is known as an agency by:
a. Estoppel
b. Ratification
c. Necessity
d. Commerce
by

1 Answer

Answer :

b. Ratification
by

Related questions

An agency may also arise by (a) Estoppel (b) Necessity (c) Ratification (d) All of the above

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Last Answer : (d) All of the above

Which one of the following statement is incorrect? a. An agent create a loyal relationship between a third party and principal. b. All agents are entitled to be paid for their services. c. An agency relationship may be created through necessity d. An agency relationship may be created through estoppel.

Description : Which one of the following statement is incorrect? a. An agent create a loyal relationship between a third party and principal. b. All agents are entitled to be paid for their services ... agency relationship may be created through necessity d. An agency relationship may be created through estoppel.

Last Answer : b. All agents are entitled to be paid for their services.

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Last Answer : b)sale or agreement

Which of the following statement is incorrect? a. An agency may be terminated by death of either party. b. An agency may be terminated by express agreement. c. An agency agreement can always be terminated by a principal. d. Mental incapability of an agent will terminate the agency relationship.

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Last Answer : c. An agency agreement can always be terminated by a principal.

The contract which creates the relationship of an agent and principal a. Agency b. Bailment c. Pledge d. Offer

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Which of the following is not a situation of irrecoverable agency a. Where the agency is coupled with interest. b. Where the agency has incurred a personal liability. c. Where the agent has partly exercised his duty. d. Where the agent doesn’t exercised his duty.

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Which of the following is not a termination of agency by acts of the parties. a. Agreement b. Revocation by principal c. Insolvency d. Revocation by agent

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Last Answer : c. Insolvency

What is undisclosed agency? a. When a third party is not informed of the exercise of the principal and believes the agent is acting on his own behalf. b. When the agent indicates through conduct he is acting as an agent. c. When the principal is not in existence. d. Where the third party knows there is a principal but doesn’t know his name.

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Who has the primary responsibility in agency? a. Principal b. Agent c. Bailor d. Bailee

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A gives B two suitcases to store for him while he is at a meeting. What is the correct relationship between A and B. a) A is the bailee and B is the bailor b) A is the bailor and B is the bailee c) A and B are both bailees d) A and B are both Bailor

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In Commercial and business agreements, the intention of the parties to create legal relationship is (a) Presumed to exist (b) To be specifically expressed in writing (c) Not relevant or all (d) Not applicable.

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Last Answer : (a) Presumed to exist

Which of the following relationship raise presumption of positive influence? (a) Parent and Child (b) Religious/ Spiritual Guru and disciple (c) Guardian and Ward (d) All of the above

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Last Answer : (d) All of the above

In agreements of a purely domestic nature, the intention of the parties to create legal relationship is (a) to be proved to the satisfaction of the court. (b) presumed to exist. (c) required to the extent of consideration. (d) not relevant at all.

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Last Answer : (a) to be proved to the satisfaction of the court.

An offer made to a (i) Specific person, or (ii) a group of persons is known as (a) Standing offer (b) Specific offer (c) Special offer (d) Separate offer

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Last Answer : (b) Specific offer

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Last Answer : a) Specific guarantee

A stipulation which is essential to the main purpose of the contract and if prove false give the buyer a right terminate the contract is legally known as a) guarantee b)condition c) warranty d)none of these

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A contract for the sale of goods which provides that the property would pass to the buyer on full payment of price and execution of sale deed is known as a)sale of approval b)hire purchase agreement c) sale d)agreement to sell

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Choose the correct one; Duties of bailor a) To return the goods b) To disclose known faults c) Not to set up an adverse title d) To return any accretion to the goods

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Last Answer : b) To disclose known faults

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Pledgee is also known as a) Pawnee b) Pawnor c) Principal d) Agent

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Offeror is ............ (a) Party to whom offer is made (b) Third party (c) Party making an offer (d) None of the above

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