Match each legal concept or situation under the Law of Agency in Column A with its corresponding legal principle or outcome in Column B.
- Agency coupled with an interestIrrevocable by the principal without the consent of the agent during the lifetime of the interest.
- Bankruptcy of the principalTerminates the agency relationship automatically by operation of law.
- Agent's right of lienEntitles the agent to retain possession of principal's goods until lawful commission/expenses are paid.
- Secret profit made by an agentMust be fully surrendered and accounted for to the principal due to breach of fiduciary duty.
Cevap
Agency coupled with an interest matches Irrevocable by the principal without the consent of the agent during the lifetime of the interest. Bankruptcy of the principal matches Terminates the agency relationship automatically by operation of law. Agent's right of lien matches Entitles the agent to retain possession of principal's goods until lawful commission/expenses are paid. Secret profit made by an agent matches Must be fully surrendered and accounted for to the principal due to breach of fiduciary duty.
Agency coupled with an interest is irrevocable by the principal. Bankruptcy of the principal automatically ends agency by operation of law. An agent's right of lien allows retention of the principal's goods until debts/commissions are satisfied. Secret profit breaches fiduciary obligation, requiring complete surrender of profit to the principal.
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Anahtar Kavram
Rights, duties, and termination mechanisms under the Law of Agency