AIBE question and official answer

AIBE VIII 2015 Set A Question 92

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Question 92 of 100 AIBE VIII 2015 Set A

Which is true of contracts of agency?

  1. A The relation between the agent and the principal is of a trust
  2. B It is only when a person acts as a representative of the other in the creation, modification or termination of contractual obligations between that other and third persons that he is an agent. Official answer
  3. C The only essence of a contract of agency is the agent's representative capacity.
  4. D None of the above

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