Question

An agency arrangement: Select one: a. Is governed by the Agency Act 2010 b. Involves a principal, an agent and a third party c. Involves a project officer, an agent and a judge d. Must be registered with a court

An agent? Select one: a. Can accept payment from another party b. Can do more than a principal could have done when contracting c. None of these answers is correct d. Can do anything that a principal can do when contracting

If a seller makes an invitation to treat, then the customers reply is? Select one: a. A counter offer b. An offer c. An acceptance d. An invitation to treat

An agency arrangement: Select one: a. Is governed by the Agency Act 2010 b. Involves a principal, an agent and a third party c. Involves a project officer, an agent and a judge d. Must be registered with a court An agent? Select one: a. Can accept payment from another party b. Can do more than a principal could have done when contracting c. None of these answers is correct d. Can do anything that a principal can do when contracting If a seller makes an invitation to treat, then the customers reply is? Select one: a. A counter offer b. An offer c. An acceptance d. An invitation to treat

Answer 1

Part 1

Option B

b. Involves a principal, an agent and a third party

agency is the contractual relationship involving a person called an agent, who is given authority to act on behalf of another person called a principal, to establish legal relations with a third party.

Part 2

Option A

a. Can accept payment from another party

Agent can accept payment from another party on behalf of the principal.

Part 3

Option B

b. an offer

If a seller makes an invitation to treat, then the customers reply is an offer to buy.

Part 4

Option B

b. ratio decidendi

ratio decidendi is term that is referred to the rationale for decision making.