Which of the following is correct with regard to the capacity of an agent?
A) If an incompetent person who is not under guardianship appoints an agent, contracts made by that agent are voidable.
B) No mental capacity is necessary for an agent.
C) The incapacity of the agent disqualifies him from making a contract that is binding on his principal.
D) A young child or a person under guardianship has the capacity to act as an agent.
Correct Answer:
Verified
Q46: Which of the following will terminate an
Q62: An agent has breached his fiduciary duty
Q66: The concept of conflict of interest as
Q68: The contractual duties owed by a principal
Q69: An agent may lose the right to
Q71: Mark hires Joe's real estate agency to
Q72: Lewis employs Donna under a one-year contract
Q73: All of the following except which one
Q74: Bob owns a business delivering coffee and
Q75: A _ is a written, formal appointment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents