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.

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.
by

1 Answer

Answer :

b. All agents are entitled to be paid for their services.
by

Related questions

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

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Last Answer : b. Ratification

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Last Answer : (d) All of the above

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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Last Answer : a. When a third party is not informed of the exercise of the principal and believes the agent is acting on his own behalf

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In case of contract of guarantee, what is the liability of the surety against the principal debtor (a) Primary (b) Secondary (c) No liability (d) Fully liable

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Choose the incorrect; Rights of bailee: a) Rights of implied b) Bailor’s lien c) Termination of bailment d) Enforcement of duties of bailor

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Which one of the following is not a duty of an agent? a. Duty to exercise care and skill b. Duty to take a commission c. Duty to account d. Duty to avoid conflict of interest

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Description : A person employed by, and acting under the control of the original agent is called……. a. Substitute agent b. Co-agent c. Sub agent d. Universal agent

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Which one of the following is not a duty of an agent? a. Right of retainer b. Right of lien c. Right to remuneration d. Right to recover damage

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Description : Which one of the following is not a duty of an agent? a. Duty to exercise care and skill b. Duty to take a commission c. Duty to account d. Duty to avoid conflict of interest

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An agent who has authority to do all acts connected with a particular trade, business or employment. a. Commission agent b. General agent c. Del credere agent d. Broker

Description : An agent who has authority to do all acts connected with a particular trade, business or employment. a. Commission agent b. General agent c. Del credere agent d. Broker

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An agent who is appointed to perform a particular act. a. General agent b. Universal agent c. Special agent d. Commercial agent

Description : An agent who is appointed to perform a particular act. a. General agent b. Universal agent c. Special agent d. Commercial agent

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