Law of Agency
ICAN Business Law
9 Law of Agency practice questions covering everything you need for ICAN.
Drill Law of Agency →Sample Law of Agency questions
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA DIPLOMA / PROFESSIONAL LEVEL EXAMINATION BUSINESS LAW - LAW OF AGENCY QUESTION 1 Chief Olanrewaju is the Managing Director and founder of Danfo Logi…
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA DIPLOMA / PROFESSIONAL LEVEL EXAMINATION BUSINESS LAW - LAW OF AGENCY QUESTION 3 Mrs. Adebayo operates a prominent fashion retail chain in Aba, Abia…
Chief Adebayo instructed Mr. Chidi to purchase a commercial property in Lagos. Mr. Chidi negotiated and executed the contract of sale with Apex Properties Ltd in his own name, without disclosing to Ap…
Under Section 88 of the Companies and Allied Matters Act (CAMA) 2020, Chief Emeka was appointed Managing Director of Zenith Logistics Ltd. The company's internal Board Resolution restricted his borrow…
A del credere agent is a special class of mercantile agent who, in consideration of an extra commission known as a del credere commission, provides which of the following guarantees to the principal?
On 10th March 2023, Mr. Adeleke signed a supply contract with Fabrik Ltd for industrial equipment worth ₦20,000,000, explicitly purporting to act 'for and on behalf of Apex Haulage Ltd', a company tha…
Chukwuma was engaged as an agent by Segun to negotiate the purchase of a commercial building. Chukwuma secretly purchased the building himself through a front company for ₦80,000,000 and resold it to …
An agency coupled with an interest cannot be unilaterally revoked by the principal to the prejudice of the agent's interest. Which of the following scenarios best exemplifies an agency coupled with an…
Tunde was appointed as a del credere agent by Apex Foods Ltd to sell 1,000 cartons of milk at ₦10,000 per carton. Under the agreement, Tunde is entitled to a basic commission of 5% and a del credere c…