Which of the following is an alternative name for apparent authority?
Ostensible authority
Express authority
Usual authority
None of these
Which of the following is not true of actual implied authority?
It is inferred from conduct of the parties
It is an example of actual express authority
It can be inferred from the circumstances of the case
It can extend the authority of the agent
Which of the following is not a duty owed to the agent by his principal?
Duty to provide work
Duty to provide remuneration
Duty of indemnification for any liabilities incurred as agent
There is some debate as to what ‘usual’ authority is. Which of the following is not a popularly held view?
It is an aspect of actual implied authority
It is an aspect of apparent authority
It is an aspect of agency by necessity
It is a form of agency in its own right
P delivers seed potatoes to A, her agent, with instructions that they are not to be sold for less than £5,000. A sells the seed potatoes to B for £5,000. B, believing that he obtained a bargain, gives A a gift of £200. What duty, if any, has A breached?
The duty to avoid a secret profit
The duty to act reasonably
The duty not to harm B’s interests
None of these
Which of the following is not an example of how an agency relationship can come into existence?
By express appointment
By ratification
Through an act of necessity
Through an act of a third party
In Chaudry v Prabhakar (1988), it was held that in a gratuitous agent does not owe a duty of care.
True
False
Which one of the following statements is not true:
Bankruptcy of either the principal or the agent can terminate the agency relationship .
On termination of an agency agreement, a self employed commercial agent may be entitled to compensation under the Commercial Agents (Council Directive) Regulations 1993.
Agency will be terminated by death or insanity of either party
A principal can never withdraw an agent’s authority to act until the agency agreement has come to an end