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 interest under Nigerian Law?

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A debtor authorizing a creditor to sell a parcel of land and use the proceeds to settle an existing loan of ₦5,000,000 owed by the debtor to the creditor. An agency is coupled with an interest when the authority is given to the agent for the purpose of securing a debt or benefit owed to the agent by the principal. In option C, the authority to sell the land is given as security for the ₦5,000,000 debt owed to the agent, making it irrevocable by the pr

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A) An agent appointed to manage a commercial property for an annual retainer of ₦1,200,000

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B) An auctioneer authorized to sell goods and retain a 10% commission from the sale proceeds

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C) A debtor authorizing a creditor to sell a parcel of land and use the proceeds to settle an existing loan of ₦5,000,000 owed by the debtor to the creditor

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D) A stockbroker appointed under a general power of attorney to manage a client's investment portfolio

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 interest under Nigerian Law?

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