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 termination
which one is correct and why
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multiple choice question
11y ago#1Is the answer "C"?
but the answer given in open tuition was A. how?
which one of the following is false:
' a public company may offer to the public for subscription or purchase.....'
1.debenture secured at fixed charge
2.equity shares
3.preference shares
4.neither shares nor debentures
please can u help with the answer and explain why so
11y ago#4
If it is in fact a public company, then the answer is D - a public company CAN offer to the public for subscription or purchase shares or debentures
Ok
11y ago#5With reference to the agency question, I believe that, in the excitement of creating the questions, I have mistakenly identified the incorrect choice.
It should be C
Sorry
Please could you help explain why the answer to this question is D and not A.
In a business carried on as a partnership, which one of the following is not an automatic ground for the dissolution of the firm.
a. lapse of time where the business was created for a fixed period of time.
b. bankruptcy of a partner
c. death
d. insanity
11y ago#7Insanity is not a matter of fact capable of being established objectively.
The other three are
''objectively' being the key word here, right?
11y ago#9Yes - look at the chapter on partnerships in the course notes. Somewhere about the fourth page is a list of 12 reasons how / why a partnership will be dissolved.
The first 6 reasons are all matters of objective fact whereas the last 6 are all in the subjective opinion of the Court
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