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Fakir enters into a contract with Shilpa believing that Shilpa is acting on her own behalf when in fact she is acting as an agent for Dipak on his express instructions. In the event of a breach of contract, against whom Fakir take action?
  • a)
    No-one, the contract is invalid.
  • b)
    Shilpa.
  • c)
    Dipak.
  • d)
    Dipak or Shilpa.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Fakir enters into a contract with Shilpa believing that Shilpa is acti...
In this case, an undisclosed agency has been created. So, the third party, Fakir can take action against either the agent (Shilpa) or the principal (Dipak).
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Fakir enters into a contract with Shilpa believing that Shilpa is acting on her own behalf when in fact she is acting as an agent for Dipak on his express instructions. In the event of a breach of contract, against whom Fakir take action?a)No-one, the contract is invalid.b)Shilpa.c)Dipak.d)Dipak or Shilpa.Correct answer is option 'D'. Can you explain this answer?
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Fakir enters into a contract with Shilpa believing that Shilpa is acting on her own behalf when in fact she is acting as an agent for Dipak on his express instructions. In the event of a breach of contract, against whom Fakir take action?a)No-one, the contract is invalid.b)Shilpa.c)Dipak.d)Dipak or Shilpa.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Fakir enters into a contract with Shilpa believing that Shilpa is acting on her own behalf when in fact she is acting as an agent for Dipak on his express instructions. In the event of a breach of contract, against whom Fakir take action?a)No-one, the contract is invalid.b)Shilpa.c)Dipak.d)Dipak or Shilpa.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Fakir enters into a contract with Shilpa believing that Shilpa is acting on her own behalf when in fact she is acting as an agent for Dipak on his express instructions. In the event of a breach of contract, against whom Fakir take action?a)No-one, the contract is invalid.b)Shilpa.c)Dipak.d)Dipak or Shilpa.Correct answer is option 'D'. Can you explain this answer?.
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