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Economics

1. Which of the following kind of termination occurs due to operation of law?

A. Disloyalty of agent

B. Revocation of authority

C. Renunciation of agent

D. Agency coupled with an interest

2. An agency relationship:

A. can be formed only by contract.

B. cannot be created by ratification.

C. cannot be formed by implied authority.

D. can be created only for a lawful purpose.

3. When an agent acquires interest against the principal’s interest, without the principal’s knowledge, the agency relationship terminates due to:

A. War.

B. Change in law.

C. Impossibility.

D. Disloyalty of the agent.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224101

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