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Test: Agency by Estoppel - Judiciary Exams MCQ


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10 Questions MCQ Test Civil Law for Judiciary Exams - Test: Agency by Estoppel

Test: Agency by Estoppel for Judiciary Exams 2024 is part of Civil Law for Judiciary Exams preparation. The Test: Agency by Estoppel questions and answers have been prepared according to the Judiciary Exams exam syllabus.The Test: Agency by Estoppel MCQs are made for Judiciary Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Agency by Estoppel below.
Solutions of Test: Agency by Estoppel questions in English are available as part of our Civil Law for Judiciary Exams for Judiciary Exams & Test: Agency by Estoppel solutions in Hindi for Civil Law for Judiciary Exams course. Download more important topics, notes, lectures and mock test series for Judiciary Exams Exam by signing up for free. Attempt Test: Agency by Estoppel | 10 questions in 10 minutes | Mock test for Judiciary Exams preparation | Free important questions MCQ to study Civil Law for Judiciary Exams for Judiciary Exams Exam | Download free PDF with solutions
Test: Agency by Estoppel - Question 1
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What is the fundamental concept behind the principle of agency by estoppel?

Detailed Solution for Test: Agency by Estoppel - Question 1
The principle of agency by estoppel is primarily rooted in equity and natural justice within contractual agreements. It allows a plaintiff to bind a principal in a legal agreement based on the promises, declarations, and representations of an agent. This principle ensures fairness and accountability in business dealings, emphasizing the importance of honoring commitments made by authorized agents on behalf of principals.
Test: Agency by Estoppel - Question 2
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How does agency by estoppel impact parties involved in a transaction?

Detailed Solution for Test: Agency by Estoppel - Question 2
Agency by estoppel affects the parties in a transaction by holding the principal accountable for the actions of the agent. When a person's actions lead another to believe that a third party has the authority to act on their behalf, the principal is bound by the agreements made by the agent, ensuring that parties are responsible for the consequences of their authorized representatives' actions.
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Test: Agency by Estoppel - Question 3
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What legal concept was invoked in the case of Kashinath Das v. Nisakar Rout (1962) when A denied authorizing the sale of land by B on A's behalf after A's actions led to the sale?

Detailed Solution for Test: Agency by Estoppel - Question 3
In the case of Kashinath Das v. Nisakar Rout (1962), the legal concept of estoppel was invoked when A denied authorizing the sale of land by B on A's behalf. Estoppel is a legal principle that prevents a person from asserting a fact or a legal right that is contrary to their previous actions or statements. In this case, A's actions led B to believe that the sale was authorized, and A was then estopped from denying it later. This showcases how estoppel can play a significant role in agency relationships and contractual obligations.
Test: Agency by Estoppel - Question 4
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What is a distinguishing characteristic of agency by estoppel in terms of the principal's liability?
Detailed Solution for Test: Agency by Estoppel - Question 4
In agency by estoppel, the principal's liability is limited to losses resulting from the agent's errors, rather than extending to anticipated damages. This unique feature sets it apart from other forms of agency relationships. It's crucial to understand this aspect to grasp the scope of liability within this specific agency framework.
Test: Agency by Estoppel - Question 5
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In the legal context of agency by estoppel, what does the third party's reliance on the belief that an agent has the authority to act on behalf of the principal establish?
Detailed Solution for Test: Agency by Estoppel - Question 5
In the legal concept of agency by estoppel, the third party's reliance on the belief that an agent has the authority to act on behalf of the principal establishes ostensible authority. This means that even if the agent may not have actual authority, the principal can be bound by the agent's actions due to the third party's reasonable belief in the agent's authority to act on behalf of the principal.
Test: Agency by Estoppel - Question 6
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What is a key requirement for the application of agency by estoppel?
Detailed Solution for Test: Agency by Estoppel - Question 6
In agency by estoppel, for it to be applicable, the crucial factor is that the third party must believe in the authority of the other party to act on behalf of the principal. This legal concept hinges on the idea that if the third party genuinely holds this belief and engages in a transaction based on this assumption, the individual responsible for the transaction can be held liable as if the third party had directly acted on behalf of the principal. This underscores the significance of trust and reliance in the legal doctrine of agency by estoppel.
Test: Agency by Estoppel - Question 7
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In the context of the case discussed, what happens when a third party genuinely believes in the authorization of the other party to act on behalf of the principal?
Detailed Solution for Test: Agency by Estoppel - Question 7
As highlighted in the case referenced, when a third party genuinely believes in the authorization of the other party to act on behalf of the principal and engages in a transaction based on this belief, the individual responsible for the transaction can be held liable as if the third party had directly acted on behalf of the principal. This legal principle underscores the importance of clarity and understanding in business dealings, emphasizing the consequences that can arise when parties operate under mistaken assumptions regarding authority and representation.
Test: Agency by Estoppel - Question 8
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What defines Agency by Ratification in the context of agency relationships?
Detailed Solution for Test: Agency by Estoppel - Question 8
In Agency by Ratification, the principal becomes obligated by the agent's actions once they are ratified. This means that the principal approves an unauthorized act performed by an agent after it has been carried out. It is crucial for the principal to be aware of the agent's actions before they are ratified. This type of agency relationship occurs when the agent lacks actual authority to act on behalf of the principal at the time of the action, but the principal chooses to be bound by these actions upon ratification.
Test: Agency by Estoppel - Question 9
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What does agency by estoppel primarily aim to safeguard according to the provided content?
Detailed Solution for Test: Agency by Estoppel - Question 9
Agency by estoppel is a legal concept aimed at safeguarding the rights of third parties who have relied on the actions or statements of a principal or an agent, even if the agent lacked actual authority. This concept ensures that the rights of the third party are protected in situations where they trusted the representations made by the principal or the agent.
Test: Agency by Estoppel - Question 10
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In agency by ratification, when is a principal bound by the agent's actions?
Detailed Solution for Test: Agency by Estoppel - Question 10
In agency by ratification, the principal is bound by the agent's actions if the third party relied on the principal's behavior. This means that even if the agent acted without explicit authorization, if the principal later ratifies the agent's actions, the principal becomes bound by those actions if the third party had relied on the principal's conduct.
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