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agency law

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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November 22, 2017 at 12:07 pm #417392
adarsh1997
Participant
- Topics: 646
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An agency by estoppel arises from the action of which of the following parties?
A The principal only
B The agent only
C Both the principal and the agent
1. The answer is C.
– In the examiner’s report it says: “The correct answer is option C, as the agent has to undertake some action and the principal has to approve or allow that action.”
– What will happen when the principal holds out a person to be their agent but the agent has not yet undertake some action?
November 22, 2017 at 12:53 pm #417398
MikeLittle
Keymaster
- Topics: 27
- Replies: 23352
Then there’s no liability! No liability falls on the principal until the agent commits some action apparently on behalf of the principal
It’s like asking me if I am liable for driving my car recklessly … when I don’t even drive a car
!
OK?
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