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True or false: agency

Exercise and reference answers

Questions
  1. Statement is true
    Yes
    Statement
    An agent may represent the principal in dealing with third persons.
  2. Statement is true
    Yes
    Statement
    The principal is the person for whom the agent's act is done.
  3. Statement is true
    No
    Statement
    An agent must always be disclosed to the third party.
  4. Statement is true
    Yes
    Statement
    An agent may be employed to do an act on another's behalf.
Instructions
Decide whether each statement about agency is true or false.

Explanation

_Source: The Indian Contract Act 1872 bare act, 231. Rights of Parties to a contract made by agent not disclosed -_
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