True or false: agency
Exercise and reference answers
- Questions
- Statement is true
- Yes
- Statement
- An agent may represent the principal in dealing with third persons.
- Statement is true
- Yes
- Statement
- The principal is the person for whom the agent's act is done.
- Statement is true
- No
- Statement
- An agent must always be disclosed to the third party.
- 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 -_