ACC307 TMA3 List of Questions : “In the ordinary law of Agency, the paradigm is that in which the agent and the principal agree that one should act for the other. And the term “agency” is assigned to this basic principle which involves consent of both parties’’ Who is credited with this assertion?

“In the ordinary law of Agency, the paradigm is that in which the agent and the principal agree that one should act for the other. And the term “agency” is assigned to this basic principle which involves consent of both […]

ACC307 TMA3 List of Questions : Where was it stated that “In the ordinary law of Agency, the paradigm is that in which the agent and the principal agree that one should act for the other. And the term “agency” is assigned to this basic principle which involves consent of both parties’’?

Where was it stated that “In the ordinary law of Agency, the paradigm is that in which the agent and the principal agree that one should act for the other. And the term “agency” is assigned to this basic principle […]

ACC307 TMA3 List of Questions : A mercantile agent who, in the ordinary course of his business is employed to make contact with third parties for the purchase of goods, or property or for the sale of his principal’s goods or property of which he is not entrusted with possession or document of title thereto is known as who?

A mercantile agent who, in the ordinary course of his business is employed to make contact with third parties for the purchase of goods, or property or for the sale of his principal’s goods or property of which he is […]

ACC307 TMA3 List of Questions : Who is credited with the statement ‘’“Factor” is a person to whom goods are consigned for sale by a merchant residing abroad or at a distance away from the place of sale and who normally sells in his own name without disclosing that of his principal’’?

Who is credited with the statement ‘’“Factor” is a person to whom goods are consigned for sale by a merchant residing abroad or at a distance away from the place of sale and who normally sells in his own name […]

ACC307 TMA3 List of Questions : The definition of “Factor” as a person to whom goods are consigned for sale by a merchant residing abroad or at a distance away from the place of sale and who normally sells in his own name without disclosing that of his principal was made in which of the following cases?

The definition of “Factor” as a person to whom goods are consigned for sale by a merchant residing abroad or at a distance away from the place of sale and who normally sells in his own name without disclosing that […]

ACC307 TMA3 List of Questions : “When a person behaves in such a way as to lead another person to believe that he has authorized a third person to act on his behalf and that other person in such belief, enters into transaction with the third person within the scope of such ostensible authority, the first mentioned person would be estopped from denying the fact of the first person’s agency’’. Where was this statement made?

“When a person behaves in such a way as to lead another person to believe that he has authorized a third person to act on his behalf and that other person in such belief, enters into transaction with the third […]

ACC307 TMA3 List of Questions : Remuneration, Re-Imbursement and Indemnity are not part of the expectation of Principal towards the Agent. Justify this assertion.

Remuneration, Re-Imbursement and Indemnity are not part of the expectation of Principal towards the Agent. Justify this assertion. a) Correct b) Uncertain c) Not Correct d) None of the above We have given you this general course GST101 TMA1 Solutions […]

ACC307 TMA3 List of Questions : ‘’An agent is not expected to keep and to render appropriate account of his stewardship to his principal whether or not he is called upon to do so”. Justify this assertion.

‘’An agent is not expected to keep and to render appropriate account of his stewardship to his principal whether or not he is called upon to do so”. Justify this assertion. a) Not Correct b) Correct c) Uncertain d) None […]

ACC307 TMA3 List of Questions : What occurs in a situation where a supposed agent portrays himself to be representing a supposed principal whose consent he might not have secured and the principal on becoming aware of this assented to the transaction?

What occurs in a situation where a supposed agent portrays himself to be representing a supposed principal whose consent he might not have secured and the principal on becoming aware of this assented to the transaction? a) Agency by Ratification […]

ACC307 TMA3 List of Questions : “When a person behaves in such a way as to lead another person to believe that he has authorized a third person to act on his behalf and that other person in such belief, enters into transaction with the third person within the scope of such ostensible authority, the first mentioned person would be estopped from denying the fact of the first person’s agency’’ What principle of law in agency is being explained here?

“When a person behaves in such a way as to lead another person to believe that he has authorized a third person to act on his behalf and that other person in such belief, enters into transaction with the third […]