Agency Law – Page 7

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

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

Find Related Questions by Tags, levels, etc.

Tags: Assets, Bankruptcy, Trustee
Level: Level 1

Topic: Agency Law
Series: NOV 2011

BL – May 2023 – L1 – SB – Q3C – Agency Law

Identify and describe different types of agents recognized under agency law.

Question

There are different types of agents under agency law. Required: State SIX types of agents.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Legal Relationships, Types of Agents
Level: Level 1

Topic: Agency Law
Series: MAY 2023

BL – May 2023 – L1 – SA – Q2 – Agency Law

Identifies the type of agency established by estoppel.

Question

Agency created when a person by conduct allows an innocent party to believe that another person acted on his behalf is referred to as agency by –
A. Disclaimer
B. Deceit
C. Estoppel
D. Necessity
E. Acceptance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Apparent Authority, Estoppel, Representation
Level: Level 1

Topic: Agency Law
Series: MAY 2023

BL – Nov 2019 – L1 – SA – Q12 – Agency Law

Determines how an agency is terminated by operation of law.

Question

In which of the following ways is an agency terminated by operation of law?
A. Mutual agreement
B. Notice by either party
C. Revocation by a party
D. Death of a party
E. Renunciation of authority

Answer

Find Related Questions by Tags, levels, etc.

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

Topic: Agency Law
Series: NOV 2019

BL – May 2017 – L1 – SB – Q5c – Law of Tort | Agency Law

Discusses whether a principal (Kalu) is liable for the negligent advice given by his agent (Kazeem) in his absence.

Question

While Kalu was away, Kazeem acted for him as the manager of KK Firm. In the process, Kazeem gave a client a wrong advice, although Kalu had advised Kazeem to refrain from giving such an advice in his absence.

Required:
Explain briefly whether or not Kalu is liable in tort to the client.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Negligent Advice, Tort Liability
Level: Level 1

Topic: Agency Law, Law of Tort
Series: MAY 2017

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

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

Question

Agents have rights that the law accords them.

Required:
State THREE rights of an agent.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Contractual Rights, Rights of Agents
Level: Level 1

Topic: Agency Law
Series: MAY 2017

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

Definition of ratification in the context of agency law.

Question

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

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Authority, Contract Law, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2017

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

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

Question

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)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Legal Liability, Named Principal, Unnamed Principal
Level: Level 1

Topic: Agency Law
Series: MAR/JULY 2020

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.

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

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, General Agent, Legal Authority, Principal-Agent Relationship
Level: Level 1

Topic: Agency Law
Series: MAR/JULY 2020

BL – May 2016 – L1 – SB – Q6a – Agency Law

State rights of an agent, rights of a hirer, classes of goods in sale of goods, and explain tortious capacity and exceptions.

Question

The nature of a business relationship determines the rights and duties arising therefrom.

You are required to state the following:

i. THREE rights of an agent in agency law; (3 Marks)

ii. THREE rights of hirer in hire purchase transactions; (3 Marks)

iii. THREE classes of goods in sale of goods; (3 Marks)

iv. Capacity of tortious acts and their exceptions; (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Classes of Goods, Rights of Agents, Rights of Hirer, Tortious Capacity
Level: Level 1

Topic: Agency Law
Series: MAY 2016

BL – May 2024 – L1 – SB – Q3a – Agency Law

Explain the roles and characteristics of a factor and a del credere agent.

Question

Certain agents are classified as special agents.
Required:
Explain the following special agents:
i. Factor (3 Marks)
ii. Del credere agent (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Law, Del Credere Agent, Factor, Special Agents
Level: Level 1

Topic: Agency Law
Series: MAY 2024

Topic: Agency Law

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.

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.

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.

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.

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.

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.

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.

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.

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

BL – May 2023 – L1 – SB – Q3C – Agency Law

Identify and describe different types of agents recognized under agency law.

You're reporting an error for "BL – May 2023 – L1 – SB – Q3C – Agency Law"

BL – May 2023 – L1 – SA – Q2 – Agency Law

Identifies the type of agency established by estoppel.

You're reporting an error for "BL – May 2023 – L1 – SA – Q2 – Agency Law"

BL – Nov 2019 – L1 – SA – Q12 – Agency Law

Determines how an agency is terminated by operation of law.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q12 – Agency Law"

BL – May 2017 – L1 – SB – Q5c – Law of Tort | Agency Law

Discusses whether a principal (Kalu) is liable for the negligent advice given by his agent (Kazeem) in his absence.

You're reporting an error for "BL – May 2017 – L1 – SB – Q5c – Law of Tort | Agency Law"

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

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

You're reporting an error for "BL – May 2017 – L1 – SB – Q5b – Agency Law"

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

Definition of ratification in the context of agency law.

You're reporting an error for "BL – May 2017 – L1 – SA – Q12 – Agency Law"

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

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

You're reporting an error for "BL – March July 2020 – L1 – SB – Q3b – Agency Law"

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.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q12 – Agency Law"

BL – May 2016 – L1 – SB – Q6a – Agency Law

State rights of an agent, rights of a hirer, classes of goods in sale of goods, and explain tortious capacity and exceptions.

You're reporting an error for "BL – May 2016 – L1 – SB – Q6a – Agency Law"

BL – May 2024 – L1 – SB – Q3a – Agency Law

Explain the roles and characteristics of a factor and a del credere agent.

You're reporting an error for "BL – May 2024 – L1 – SB – Q3a – Agency Law"

Our offerings

Contact Info

Customer

Get In Touch

admin