- 1 Marks
Question
In Agency, an agent who concludes a contract on behalf of a principal is entitled to be paid:
A. Salary
B. Wage
C. Gratuity
D. Commission
E. Pension
Answer
D
Explanation:
An agent is typically paid a commission for successfully concluding a contract on behalf of the principal, as this is a common form of remuneration in agency law. Salary, wages, and gratuity are more associated with employment rather than agency work.
- Tags: Agency, Contract, Employment Law
- Level: Level 1
- Topic: Agency Law
- Series: NOV 2023
- Uploader: Theophilus