Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › F4 Queries
- This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
- AuthorPosts
- July 12, 2015 at 9:37 am #260602
What is the correct answer for this question?I have found two different answers for this.so now I’m in a confusion.
QUESTION:In the context of the law of agency, an agent will not be liable for a contract in which of the following
situations?
A where the agent fails to disclose that they are acting as agent
B where the agent intends to take the benefit of the contract for himself and fails to disclose that they
are acting as agent
C where the agent acts on his own behalf but does identify that he is an agent
D where an agent’s authority has been terminated but the third party does not know of that terminationJuly 12, 2015 at 11:00 am #260615I believe that it’s C.
D is a possibility but, although the principal will be held primarily liable, the principal in turn will be able to sue the agent for breach of authority
Ok?
July 12, 2015 at 11:31 am #260618I feel the same.However,is there any chance of option A?
July 12, 2015 at 3:29 pm #260627No, if the agent fails to disclose that they are acting as agent, then they WILL be liable
Ok?
Please tell me that it’s not one of mine
- AuthorPosts
- You must be logged in to reply to this topic.