Question Tag: Agency Law

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INS – JUL 2020 – L4 – Q7 – Duties of an Agent in Law

List and explain the duties of an agent under law, with relevance to insurance practices such as brokers and intermediaries.

List and explain the duties of an agent in law

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BCL – Nov 2024 – L1 – Q4a – Agency of Necessity

Legal implications of an agent acting in necessity during a curfew.

Ozoozo is a cargo driving agent of Oforiwa, a trader. Ozoozo loaded a truck of yam from Kutunada for delivery to Oforiwa in Accra. In the course of the journey and at Butako township, a curfew was imposed as a result of chieftaincy issues in the traditional area. He tried to communicate with Oforiwa but he was unable to do so due to network challenges. Ozoozo found it useful to off-load the cargo of yam and dispose of it by sale. He accounted for the sale but Oforiwa became furious.

Required:
Advise Oforiwa.

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BL – Nov 2020 – L1 – SA – Q10 – Agency Law

Objective question on the right of an agent to be reimbursed for expenses incurred in duty.

10. The right of an agent to be reimbursed for expenses incurred in performing his authorised duties is called
A. Remuneration
B. Compensation
C. Indemnity
D. Salary
E. Commission

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BL – May 2012 – L1 – SA – Q5 – Agency Law

Identify the type of agency created in an emergency without instructions.

The type of agency which is created in an emergency without the opportunity to contact the principal and get his instruction is called:

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BL – May 2012 – L1 – SA – Q13 – Agency Law

Determine the number of parties involved in an agency relationship.

An agency relationship is one involving:

A. A single party
B. Two parties
C. Three parties
D. Four parties
E. Five parties

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BL – Nov 2012 – L1 – SA – Q10 – Agency Law

Identify which is NOT a condition for valid ratification.

Which of the following is NOT a condition for a valid ratification under agency law?
A. The professed principal must be in existence at the time of the contract
B. The contract must be professedly made on behalf of an identified or identifiable principal
C. The principal must have enough money to finance the transaction
D. The professed principal must have had full knowledge of all the material facts of the contract at the time of ratification
E. Ratification must be made within a reasonable time

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BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the term for an agent's authority stated in writing.

The authority of an agent stated in writing is known as _____________________.

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BL – Nov 2015 – L1 – SA – Q15 – Agency Law

Breach of duty when an agent makes secret profits.

An agent that makes secret profits has breached his duty of
A. Secrecy
B. Good faith
C. Obedience
D. Assignment
E. Performance

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BL – Nov 2014 – L1 – SB – Q5c – Agency Law

Explain three types of agents under the law of agency.

The law of agency deals with rules that govern the relationship between commercial agents, their principals, and third parties.
You are required to explain briefly any THREE types of agents.
(Total 6 Marks)

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BL – Nov 2014 – L1 – SA – Q15 – Agency Law

Identify the agent representing a principal in the disposal of real property.

An agent that represents a principal in the disposal of real property is called a/an
A. Broker Agent
B. Factor Agent
C. Auctioneer
D. Mercantile Agent
E. Del-credere Agent

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BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

Agents have rights that the law accords them.

Required:
State THREE rights of an agent.

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BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

In the law of agency, ratification is equal to
A. Ex post facto authority
B. Posterior authority
C. Antecedent authority
D. Exterior authority
E. Conveyed authority

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BL – March July 2020 – L1 – SB – Q3b – Agency Law

Explains the legal consequences of agency transactions involving named and unnamed principals.

Contracts made by an agent with third parties have legal consequences.

Required:
Explain briefly the consequences of the following in an agency transaction:
i. Named Principal (3 Marks)
ii. Unnamed Principal (3 Marks)

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BL – MarJul 2020 – L1 – SA – Q12 – Agency Law

Question on identifying the type of agent who can perform all acts on behalf of the principal in the course of business.

An agent who can do all acts in the course of business on behalf of the principal is referred to as
A. Subordinate principal
B. Authorised agent
C. Superior agent
D. Acting principal
E. General agent

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BL – May 2015 – L1 – SA – Q15 – Agency Law

Identify the parties involved in an agency relationship.

An agency relationship involves the
A. Agent alone
B. Principal alone
C. Third party alone
D. Agent, principal, and the third party
E. Third party and the principal

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BCL – May 2016 – L1 – Q2c – Agency

State five ways by which an agency may be terminated.

State FIVE ways by which an agency may be terminated. (5 marks)

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BCL – May 2016 – L1 – Q2b – Agency

State and explain five exceptions to the rule that an agent has no right or obligation on a contract unless acting on behalf of the principal.

An agent has no right or obligation on a contract unless he/she enters into it on behalf of his/her principal. State and explain FIVE exceptions to this statement. (10 marks)

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BCL – May 2019 – L1 – Q5 – Agency, Sale of goods/hire purchase

Discusses the object of a sale of goods, legal advice for parties in a sale involving stolen property, and the duties of an agent.

Yaa Konadu purchased a car from Kofi Apenteng. Two months later, it was discovered that the car was stolen property before it was acquired by Apenteng, and both parties were innocent. Konadu had to give back the car through the police. Apenteng had no title to pass on, so Konadu sued him for the refund of the whole of her money despite the fact that she had used the car for two months.

Required: a) Explain if the object of the sale of the car was met for either Yaa Konadu or Kofi Apenteng.
(4 marks)

b) Advise the parties.
(6 marks)

c) Explain FOUR (4) duties of an agent to his principal.
(10 marks)

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BCL – Nov 2018 – L1 – Q2b – Agency Law

Determine if a principal has the right to step into a contract between an agent and a third party.

Fiko in Cape Coast appointed Pinfa at Takoradi (Cape Coast and Takoradi all in the Republic of Ghana) as his agent. Pinfa had the authority to contract with farmers for the cultivation and supply of tiger nuts on his behalf. While the agency relationship exists, Pinfa contracted with Agya Anto for the supply of 10 bags of tiger nuts without disclosing the existence of the agency relationship with Agya Anto.

Required:
i) Has Fiko any right to step in the contract between Pinfa and Agya Anto? (4 marks)

ii) Has Agya Anto any available right in his contract with Pinfa while he (Pinfa’s) agency with Fiko exists? (3 marks)

 

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BCL – May 2018 – L1 – Q3a – Agency

Explain the fiduciary duty of an agent in a scenario involving a secret profit.

a) Cho instructs his agent Duu to sell his car. Cho decided to pay GH¢5,000 as commission to Duu on completion of the sale. Duu sold the car and was accordingly paid the commission of GH¢5,000. Cho then immediately found that the purchaser of the car had also paid a bribe of GH¢2,500, which Duu did not disclose.

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