ACC307 TMA4 Questions and Solutions : An Agent who is authorized to act for and on behalf of his principal on or for special occasion is addressed as what? Posted on:
ACC307 TMA4 Questions and Solutions : In which case was it held, inter alia, that it is the duty of an agent to carry out any instructions that may be given to him by the principal and cannot depart from such instructions even though he reasonably believed that in doing so he was promoting the interest of the principal? Posted on:
ACC307 TMA4 Questions and Solutions : In which of the following cases did the Court, hold that ‘’the prudence which an agent is expected to show in the affairs of his principal requires that he should not involve the principal in a heavier financial burden where there is available means of involving him in a higher financial burden’’? Posted on:
ACC307 TMA4 Questions and Solutions : Which of the following is part of the Remedies Available to the Principal? Posted on:
ACC307 TMA4 Questions and Solutions : In which of the following case was it held that ‘’once the relationship of principal and agent is established, and the agent fails to keep proper account or fails to account to the principal for monies or properties received by him in the cause of his agency, he is accountable to such a principal and can be compelled to render such account by an action in a court for an account.’’? Posted on:
ACC307 TMA4 Questions and Solutions : In which of the following cases did the following fact occurred? A sale of 200 tons of potatoes to be grown on a piece of land which was held to be a sale of specific goods, despite the fact that they were not existing goods. Posted on:
ACC307 TMA4 Questions and Solutions : “A contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price” is known as what? Posted on:
ACC307 TMA4 Questions and Solutions : A voluntary and gratuitous transfer of any property from one person to another is known as what? Posted on:
ACC307 TMA4 Questions and Solutions : A transaction under which goods are delivered by one party (the bailor) to another (the bailee), on certain specified terms, which generally provide that the bailee is to have possession of the goods and subsequently redeliver then to the bailor in accordance with his instruction is known as what? Posted on:
ACC307 TMA4 Questions and Solutions : Goods that are owned and possessed by the seller at the time of contract are known as what? Posted on:
ACC307 TMA4 Questions and Solutions : A contract of Hire is synonymous with Hire-Purchase. Justify this assertion. Posted on:
ACC307 TMA4 Questions and Solutions : Goods not yet in existence, and goods in existence but not yet acquired by the seller at the point of making the contract are known as what? Posted on:
