Agency Law – Page 6

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

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

Question

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.

Answer

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Tags: Agency Law, Commercial Transactions, Emergency Contracts, Necessity Doctrine, Principal-Agent Relationship
Level: Level 1

Topic: Agency Law
Series: Nov 2024

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.

Question

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

Answer

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Tags: Business Strategies, Economic Factors, Macro-Environment, Opportunities, PEST, Threats
Level: Level 1

Topic: Agency Law
Series: Nov 2024

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

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

Question

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

Answer

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Tags: Agency Law, Agent Rights, Compensation, Indemnity, Reimbursement
Level: Level 1

Topic: Agency Law
Series: NOV 2020

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

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

Question

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.

Answer

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Tags: Business Law, Contract Law, Hire Purchase
Level: Level 1

Topic: Agency Law
Series: MAY 2012

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

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

Question

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)

Answer

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Tags: Agency, Business Law, Employment Law
Level: Level 1

Topic: Agency Law
Series: MAY 2012

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.

Question

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.

Answer

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Tags: Business Law, Estate Management, Intestacy
Level: Level 1

Topic: Agency Law
Series: MAY 2012

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

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

Question

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

Answer

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Tags: Agency Law, Business Law, Emergency
Level: Level 1

Topic: Agency Law
Series: MAY 2012

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

Determine the number of parties involved in an agency relationship.

Question

An agency relationship is one involving:

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

Answer

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Tags: Agency Law, Business Law, Contract
Level: Level 1

Topic: Agency Law
Series: MAY 2012

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.

Question

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)

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

Answer

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Tags: Agency by Estoppel, Intestacy, Judicial Precedent, Trust Law, Vicarious Liability
Level: Level 1

Topic: Agency Law
Series: NOV 2011

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

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

Question

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

Answer

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Tags: Assets, Bankruptcy, Trustee
Level: Level 1

Topic: Agency Law
Series: NOV 2011

BL – May 2021 – L1 – SA – Q19 – Agency Law

Identifying which of the given options is not a special agent in agency law.

Question

Who, of the following, is not a special agent?

A. Factor
B. Broker
C. Auctioneer
D. Del credere agent
E. Vendor

Answer

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Tags: Agency Law, Special Agent, Types of Agents
Level: Level 3

Topic: Agency Law
Series: MAY 2021

BL – Nov 2023 – L1 – SB – Q5b – Agency Law

Explains the offence of forgery and its legal implications.

Question

The essence of criminal law is to control human behavior in society.

Required:
Explain briefly the offence of forgery. (3 Marks)

Answer

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Tags: Criminal Offence, Forgery, Legal Liabilities
Level: Level 1

Topic: Agency Law
Series: NOV 2023

BL – Nov 2023 – L1 – SB – Q4a – Agency Law

Discusses the grounds for dismissing an employee and states the duties of an employee under a contract of employment.

Question

Contract of employment is the voluntary relationship between two parties for work and remuneration.
Required:
i. State TWO grounds for dismissal of an employee. (2 Marks)
ii. State FOUR duties of an employee. (4 Marks)

Answer

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Tags: Contract of Employment, Dismissal, Employee duties, Employment Law
Level: Level 1

Topic: Agency Law
Series: NOV 2023

BL – Nov 2023 – L1 – SB – Q2d – Agency Law

Explains the concept of a del credere agent and lists the duties of a principal to an agent.

Question

As business became more complex, the concept of agency was developed to facilitate transactions.
Required:
i. Explain del credere agent. (2 Marks)
ii. State TWO duties of a principal to an agent. (2 Marks)

Answer

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Tags: Agency Law, Del Credere Agent, Principal-Agent Relationship
Level: Level 1

Topic: Agency Law
Series: NOV 2023

BL – Nov 2023 – L1 – SA – Q16 – Agency Law

This question asks about the general nature of insurance contracts.

Question

Generally, an insurance contract is one of:
A. Indenture
B. Restoration
C. Profit making
D. Indemnity
E. Security

Answer

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Tags: Business Law, Indemnity, Insurance Contracts
Level: Level 1

Topic: Agency Law
Series: NOV 2023

BL – Nov 2023 – L1 – SA – Q12 – Agency Law

This question asks about the payment entitlement of an agent concluding a contract for a principal.

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

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Tags: Agency, Contract, Employment Law
Level: Level 1

Topic: Agency Law
Series: NOV 2023

BL – Nov 2019 – L1 – SB – Q4c – Agency Law

Circumstances under which an agency may be terminated by operation of law.

Question

Agency may be terminated by acts of the parties.
Required:
State SIX circumstances under which agency may be terminated by operation of the law. (6 Marks)

Answer

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Tags: Agency Law, Operation of Law, Termination of Agency
Level: Level 1

Topic: Agency Law
Series: NOV 2019

BL – May 2023 – L1 – SB – Q6D – Agency Law

Identify the order of priority for persons applying for letters of administration under intestacy law.

Question

Intestacy law relates to persons who die intestate. Required: State SIX persons that can apply for letters of administration of the estate of a person who dies intestate in their order of priority under the law of intestacy.

Answer

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Tags: Intestacy, Legal Rights, Letters of Administration, Succession
Level: Level 1

Topic: Agency Law
Series: MAY 2023

BL – May 2023 – L1 – SB – Q5D – Agency Law

Explain the punishments for laundering drug money for individuals and corporate bodies.

Question

The Money Laundering (Prevention and Prohibition) Act, 2022 stipulates punishments for various offences under the Act. Required:

Explain briefly the punishment for laundering drug money by the following persons:

i. Individual (minimum and maximum punishments) (2 Marks)
ii. Corporate body (2 Marks)

Answer

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Tags: Criminal Law, Legal Punishments, Money laundering
Level: Level 1

Topic: Agency Law
Series: MAY 2023

BL – May 2023 – L1 – SB – Q5A – Agency Law

Identify and explain conditions an employer must meet before implementing redundancy.

Question

Redundancy of employees in an organization may arise as a result of excess manpower.

Required:
Explain briefly THREE conditions an employer must meet before the redundancy of its employees.

Answer

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Tags: Employment Law, Legal obligations, Redundancy
Level: Level 1

Topic: Agency Law
Series: MAY 2023

Topic: Agency Law

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

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

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.

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.

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.

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

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

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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.

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

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

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

Determine the number of parties involved in an agency relationship.

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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.

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.

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BL – May 2021 – L1 – SA – Q19 – Agency Law

Identifying which of the given options is not a special agent in agency law.

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BL – Nov 2023 – L1 – SB – Q5b – Agency Law

Explains the offence of forgery and its legal implications.

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BL – Nov 2023 – L1 – SB – Q4a – Agency Law

Discusses the grounds for dismissing an employee and states the duties of an employee under a contract of employment.

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BL – Nov 2023 – L1 – SB – Q2d – Agency Law

Explains the concept of a del credere agent and lists the duties of a principal to an agent.

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BL – Nov 2023 – L1 – SA – Q16 – Agency Law

This question asks about the general nature of insurance contracts.

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BL – Nov 2023 – L1 – SA – Q12 – Agency Law

This question asks about the payment entitlement of an agent concluding a contract for a principal.

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BL – Nov 2019 – L1 – SB – Q4c – Agency Law

Circumstances under which an agency may be terminated by operation of law.

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BL – May 2023 – L1 – SB – Q6D – Agency Law

Identify the order of priority for persons applying for letters of administration under intestacy law.

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BL – May 2023 – L1 – SB – Q5D – Agency Law

Explain the punishments for laundering drug money for individuals and corporate bodies.

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BL – May 2023 – L1 – SB – Q5A – Agency Law

Identify and explain conditions an employer must meet before implementing redundancy.

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