Question
State whether the following statements are TRUE or FALSE ; and give REASON for your answer. You are required to support your
State whether the following statements are "TRUE" or "FALSE"; and give REASON for your answer. You are required to support your answer by referring to the relevant statutes and/or case laws. (Malaysia Law)
References:
https://drive.google.com/drive/folders/1nDufmYWo7hLNgoueCb-gFc2VjkdlS9m-
(1) Agency can arise by necessity where an agent who was duly appointed had exceeded his authority or a person who has no authority to act for the principal has acted as if he had the authority, and the principal accepts and confirms such contract.
(2) An agent must have a principal whose existence and capacity NEED NOT be determined at the time of the contract.
(3) Apparent authority may arise even where the third party is not aware of the principal's representation.
(4) If an agent appoints a sub-agent, that sub-agent is regarded as an agent of the principal.
(5) James is appointed by Richard to act as his agent and purchase for him a 1965 Rolls Royce Phantom. Jeremy has such a car. James informs Jeremy that he is an agent but does not disclose the identity of his principal (Richard). Richard is a 'disclosed principal'.
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