Topic: Agency Law

Search 500 + past questions and counting.
  • Filter by Professional Bodies

  • Filter by Subject

  • Filter by Series

  • Filter by Topics

  • Filter by Levels

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.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BCL – Nov 2024 – L1 – Q4a – Agency of Necessity"

BMIS-Nov-2024-L1-Q2b- Economic Factors Influencing Business Opportunities and Threats

Economic factors that shape business opportunities or threats based on the PEST model.

Explain THREE economic factors which determine the nature of opportunities or threats that organisations may face.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BMIS-Nov-2024-L1-Q2b- Economic Factors Influencing Business Opportunities and Threats"

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

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2020 – L1 – SA – Q10 – Agency Law"

BL – May 2012 – L1 – SB – Q5B – Agency Law

State two differences between a hire purchase agreement and a sale agreement.

A hire purchase agreement and a sale agreement are similar but not identical. Required: State any TWO differences between a hire purchase agreement and a sale agreement.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2012 – L1 – SB – Q5B – Agency Law"

BL – May 2012 – L1 – SB – Q5A – Agency Law

Advise KMS and Stella on the legal implications of Stella's actions.

Stella works as a sales girl for Kampus Multipurpose Stores (KMS), operated by Lucas on the University Campus. Recently, Lucas discovered that whenever he was not around, Stella would pack Lucas’ wares off the shelves and display her own wares on the shelves. Thus, Stella used her employer’s time, resources and facilities to sell her own wares in place of her employer’s. The financial books of KMS were audited last month and the audit revealed that on some occasions, Stella sold her employer’s wares at a higher rate than that recommended and she pocketed the difference. Required: Advise the following parties on the legal implications of their actions: (i) KMS (5 Marks) (ii) Stella (6 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2012 – L1 – SB – Q5A – Agency Law"

BL – May 2012 – L1 – SB – Q2B – Agency Law

Advise on the steps to take in running the estate of a deceased person who died intestate.

Mr. Chris died without leaving a Will. His dependants have approached you to advise them on the steps to take in running his estate. Advise them.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2012 – L1 – SB – Q2B – Agency Law"

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:

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2012 – L1 – SA – Q5 – Agency Law"

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

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2012 – L1 – SA – Q13 – Agency Law"

BL – Nov 2011 – L1 – SB – Q1 – Agency Law

The question explores the principle of agency by estoppel, doctrine of binding precedent, vicarious liability, and definitions of intestacy and trust.

Yomi, the son of a school proprietor, often visited his father’s office to spend some hours. Although never given authority to do so, he sometimes assisted in accepting payments from and issued receipts to students, and always handed over the money to the Bursar. However, he failed to account for the payment he received from Kola, a student, whom the school eventually declared as still owing. The school proprietor argued that Yomi had no authority to collect money from students on behalf of the school.

(a) Outline the legal positions of Yomi, Kola, and the school. (5 Marks)

(b) Explain the doctrine of binding precedent and state TWO instances when the Court of Appeal will NOT be bound by its own previous decisions. (4 Marks)

(c) Explain the principle of vicarious liability and state TWO relationships upon which it is dependent. (4 Marks)

(d) Define (i) Intestacy and (ii) Trust. (2 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2011 – L1 – SB – Q1 – Agency Law"

BL – Nov 2011 – L1 – SA – Q15 – Agency Law

Identifying the person responsible for getting in and distributing the assets of a bankrupt individual.

Who is usually appointed for the purpose of getting in and distributing the assets of a bankrupt?

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q15 – Agency Law"

BL – Nov 2013 – L1 – SA – Q10 – Agency Law

Identifies the minimum paid-up share capital required for life insurance business in Nigeria.

In life insurance, no insurer can carry on the business of life insurance except it has and maintains a paid-up share capital of _____________________.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q10 – Agency Law"

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 _____________________.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q7 – Agency Law"

BL – Nov 2013 – L1 – SA – Q2 – Agency Law

Identifies what equity imputes an intention to fulfill.

Equity imputes an intention to fulfill an _____________________.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q2 – Agency Law"

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

Identifies the type of agent who can perform all acts on behalf of the principal.

An agent who can perform all acts on behalf of the principal is called

A. A broker
B. A del credere agent
C. A general agent
D. An estate agent
E. A factor agent

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q7 – Agency Law"

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

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2015 – L1 – SA – Q15 – Agency Law"

BL – May 2018 – L1 – SA – Q17 – Agency Law

Identify the party that accepts the offer in a general insurance contract.

The party that accepts the offer in a general insurance contract is known as:
A. Insurer
B. Insured
C. Agent
D. Broker
E. Intermediary

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2018 – L1 – SA – Q17 – Agency Law"

BL – May 2018 – L1 – SA – Q12 – Agency Law

Identify the type of agency created through conduct leading a third party to believe in an agency relationship.

The agency relationship created when a person, by his conduct, led a third party to believe that someone is his agent, is agency by:
A. Intuition
B. Estoppel
C. Necessity
D. Ratification

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2018 – L1 – SA – Q12 – Agency Law"

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)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q5c – Agency Law"

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

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2014 – L1 – SA – Q15 – Agency Law"

BL – Nov 2021 – L1 – SB – Q4 – Agency Law

Examining corruption, money laundering reporting, electronic fraud, and duties of agents.

a. Adamu, a public officer whose duties relate to the administration of justice, was caught on camera corruptly requesting money from a person with a view to avoiding his duties to favor that person.

Required:

i. Under the Criminal Code, what offence could Adamu be charged for and what punishment is he liable to if convicted? (2 Marks)
ii. What would be Adamu’s punishment on conviction if his duties did not relate to the administration of justice? (2 Marks)

b. Thomas carried out a series of transactions on his bank account involving a frequency considered by the bank manager, Alhaji Adeyemo, to be unjustifiable or unreasonable. Adeyemo reported the transactions to the Economic and Financial Crimes Commission, leading to the interrogation of Thomas. Thomas has now filed a civil action for defamation against Alhaji Adeyemo.

Required:

Advise Alhaji Adeyemo on possible liability for the action and his possible defence. (4 Marks)

c. George, who is the chief accountant of Digital Supermarkets, has reasons to believe that certain online lodgments into the supermarket’s bank account by one of the salesgirls were highly suspicious.

Required:

i. What steps should George take as the accountant? (2 Marks)
ii. Explain briefly what you understand by ‘electronic fraud’. (2 Marks)

d. Brenda, an agent who had instructions to sell her principal’s house in the open market, bought the house for herself using her brother as a front without informing the principal.

Required:

State TWO duties Brenda has breached as an agent. (2 Marks)

e. Ngozi retains part of the goods he was instructed to sell as an agent on the ground that the principal has refused to indemnify him for reasonable expenses incurred in the course of carrying out the agency.

Required:

State the condition under which Ngozi, as an agent, could lawfully retain the goods. (2 Marks)

f. Juliet is an officer of an auctioneer company with instructions to auction properties belonging to Adams, but the warehouse handlers displayed goods belonging to Mathias in error. Mathias has brought a suit against Juliet for negligence.

Required:

i. Advise Juliet on the defence or defences available to her, explaining briefly the rule of law for your advice. (2 Marks)
ii. State TWO necessary ingredients which must be proved by a plaintiff to succeed in an action for negligence. (2 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – Nov 2021 – L1 – SB – Q4 – Agency Law"

Oops!

This feature is only available in selected plans.

Click on the login button below to login if you’re already subscribed to a plan or click on the upgrade button below to upgrade your current plan.

If you’re not subscribed to a plan, click on the button below to choose a plan