JAMB Commerce 2003 Question 33

Question 33

Law of Agency

The act of a person employing another to enter into a contract on his behalf is known as

  1. A.business
  2. B.sale of goods
  3. C.bilateral agreement
  4. D.agency
Show the answer and explanation

Answer: D (agency)

Explanation

In agency, a principal appoints an agent to make contracts with third parties on the principal's behalf.