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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 agentB 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
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 debenturesplease can u help with the answer and explain why so
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
With 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. insanityInsanity is not a matter of fact capable of being established objectively.
The other three are
Yes – 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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