Questions

• An agent should not make secret profit out of his agency except his renumerations. Describe the consequences of the breach of this duty.
• In relation to the law of agency, describe five instances under which the agent might be liable to be held personally to third party.
• Agency relationship can be terminated by the action of the parties, in relation to the above statement state and explain various ways in which agency relationship would be terminated by the action of the parties.
• One way in which an agency may be created is through ratification. Explain the essentials of a valid ratification of the agency.
• Hosea and Jeremiah met for business lunch at the restaurant in town, they were later joined by Joshua Jeremiah's friend .During the discussion Jeremiah informed that he was He was Hosea's agent to which he did not object . Awake later Jeremiah obtained goods on credit from Joshua on behalf of Hosea Jeremiah has since then disappeared and Joshua is claiming payment for the goods from Hosea. Explain the legal principles applicable in this case and advise Joshua.
• The literal meaning of Nemodat quad non habet is that no one can give what he has not However there are exceptions to this rule .Discuss the exception of nemodat rule
• In relation to the contract of sale of goods. Outline categories of unascertained goods and also the rules that govern the delivery of goods.
• Sometimes a seller may not be paid for the good delivered and therefore he may exercise right of resale under certain circumstances. In relation to the above statement highlight various circumstances under which the unpaid seller might exercise the right to resale.
• Transfer of property is governed by various rules. Summaries the four rules governing transfer of property.
• In relation to the contract of sale, describe the duties of a seller under cost, insurance and freight contract.