an agency contract may be created by oral appointment of an agent. true or false

Question

Question

Answer 1

Answer #1

According to the contract act 1950 ,an agent may be authorised by mouth or word to sign a appointed.

So according to this act the above statement is true.

Answer 2

Similar Homework Help Questions

If Principal wrongfully terminates agency, agent may sue for _____ ___ ____ or implied contract; vice...

If Principal wrongfully terminates agency, agent may sue for _____ ___ ____ or implied contract; vice versa for principal
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 1....

Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 1. The relationship between a principal and an agent is generally known as an 2. A person who has a legal to duty to act with trust and confidence for another person's benefit is known as a 3. (True False) Agency relationships can be created only for a lawful purpose and almost anyone can serve as an agent. 4. A document giving an agent authority...
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 5....

Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 5. An agency formed by making a written or oral agreement which clearly defines the scope of the relationship is known as an 6. ( True False) An agency formed by implication through the conduct of the parties is known as an Agency by estoppel 7. (True False) Agency by implied authority can conflict with any express authority. 8. An agency in which an individual...

Once a business is licensed, an agency may fine it for any violation of agency regulations....

Once a business is licensed, an agency may fine it for any violation of agency regulations. True or False True False
Every medical malpractice case has a contract issue involved. True or False A cardiologist may practice...

Every medical malpractice case has a contract issue involved. True or False A cardiologist may practice medicine with an orthopedic surgeon. True or False A dentist may practice medicine with a plastic surgeon? True or False Drug abuse education records fall under heightened confidentiality under federal law. True or False A nurse licensed in Georgia may practice nursing in South Carolina without an SC license. True or False Mary expertly removes Bob's tooth with a pair of dental pliers. She...
A principal is not liable to a third party for any contract made by the agent...

A principal is not liable to a third party for any contract made by the agent acting outside the scope of his or her authority. True False The purpose of antitrust law is to prevent competition. True False

An agent is always liable for a contract he or she enters into on behalf of...

An agent is always liable for a contract he or she enters into on behalf of an undisclosed principal. TRUE OR FALSE Trent was retained, in writing, to act as Post's agent for the sale of Post's memorabilia collection. To be Post's agent, Trent must be at least 18 years of age. TRUE OR FALSE A court will most likely pierce the corporate veil and hold a shareholder personally liable if the corporation has failed to elect S corporation status...
True or False The value created by a business is created by it's assets.

True or False The value created by a business is created by it's assets.
Determine whether the following statement is True or False. The principle-agent relationship exists when one party...

Determine whether the following statement is True or False. The principle-agent relationship exists when one party (the principal) would like another party (the agent) to act in some way, or have some attribute that is in the interest of the principal, and that cannot be enforced or guaranteed in a binding contract.

Oral Communications: The conclusion of the speech restates the thesis statement of the speech. True False

Oral Communications: The conclusion of the speech restates the thesis statement of the speech. True False