Check Law of Agency Exam Questions and Answers for practice in our education section on e akhabaar
Laws of Agency Quizlet:
Ques. Which type of agency is created in relation of husband – wife ?
(a) Agency of implication
(b) Agency of estopple
(c) Agency of necessity
(d) Agency of appointed
Ans. (c)
Ques. When agent is liable to pay compensation to principal ?
(a) Negligence
(b) Misconduct
(c) Giants of skills
(d) All the choices incorporated here
Ans. (d)
Ques. The liability of pretended agent is know as __
(a) liability by holding out
(b) liability created by law
(c) liability by rectification
(d) liability of relation
Ans. (a)
Ques. To create an agency ……….. is not required
(a) principal
(b) third party
(c) agent
(d) consideration
Ans. (d)
Related: spot the error exercise
Ques. To whom the agent is responsible ?
(a) Contractor
(b) None of these
(c) Sub Agent
(d) Principal
Ans. (d)
Ques. Who creates the contractual relation between two parties ?
(a) Principal
(b) Co-Agent
(c) Broker
(d) Agent
Ans. (c)
Ques. A person employed to do any and represent is called ………..
(a) principal
(b) servant
(c) agent
(d) owner
Ans. (c)
Ques. ……….. agents gets extra remuneration.
(a) General Agent
(b) Broker
(c) Sub Agent
(d) del credere
Ans. (d)
Related: Analogy (Reasoning) Practice Question Paper
Ques. The power given to agents is ………..
(a) expressed & implied
(b) reasonable & unreasonable
(c) legal & illegal
(d) all of these
Ans. (a)
Ques. Who can become an agent ?
(a) Minor
(b) Both Minor & Adult
(c) Adult person
(d) Dead person
Ans. (b)
Ques. Which acts can be rectified by principal ?
(a) Illegal acts
(b) Criminal acts
(c) Void acts
(d) Legal acts
Ans. (d)
Ques. How the agency is create ?
(a) by ratification
(b) by necessity
(c) by implication
(d) by all following methods
Ans. (d)
Related: Sales of Goods Act MCQ
Ques. Auctioneer agent gets ……….. lien.
(a) general
(b) none of these
(c) particular
(d) special
Ans. (c)
Ques. On which name the factor agent has right to sale the goods ?
(a) By seller or buyer name
(b) By name of seller
(c) By name of purchaser
(d) His own name
Ans. (d)
Ques. Can principal rectify the tortuous acts ?
(a) No
(b) Yes
(c) Sometimes
(d) As per circumstance
Ans. (b)
Ques. Broker who does only the work of insurance called __
(a) general agent
(b) del crader agent
(c) special agent
(d) commission agent
Ans. (c)
Related: Fundamental Right of Every Citizen of India
Ques. Who appoints sub agent ?
(a) Principal
(b) Main agent
(c) Servant
(d) Owner
Ans. (b)
Ques. Which Guarantee is given by del credere agent ?
(a) Solvency of purchaser
(b) Solvency of Agent
(c) Own Solvency
(d) Solvency of seller
Ans. (a)
Ques. On whose insolvency the agency is terminated ?
(a) Sub agent
(b) Del credere
(c) Agent
(d) Principal
Ans. (d)
Ques. Whose interest involved in Agency coupled with agency ?
(a) Principal
(b) Main agent
(c) Third party
(d) Sub agent
Ans. (b)
Related: Contracts of Indemnity and Guarantee MCQ
Ques. Can minor appoint an agent ?
(a) Under Specific circumstances
(b) Always
(c) Never
(d) Sometimes
Ans. (c)
Ques. Under which circumstances agent become personally responsible ?
(a) fraudulent transactions
(b) ultra virus
(c) fraud
(d) All as under
Ans. (d)
Ques. To whom the acts of agent are binding ?
(a) Del – Creader
(b) Sub agent
(c) Third party
(d) Principal
Ans. (d)
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