- 1 Marks
Question
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
Answer
E. General agent
Explanation: The correct answer is E, General agent. A general agent is authorized to perform any and all acts associated with the ongoing business of the principal. This includes tasks that are within the scope of the business or employment relationship established between the principal and the agent.
- Tags: Agency Law, General Agent, Legal Authority, Principal-Agent Relationship
- Level: Level 1
- Topic: Agency Law
- Series: MAR/JULY 2020
- Uploader: Theophilus