Essay 50 -- Point 2(a) scope of agency duties

Question 1

Generally, what is true under agency law about information told to agents?

Answer 1

1) A principal may be deemed to know or receive info
2)known or received by an agent

Question 2

What is one of the most important functions of agency law?

Answer 2

1) to treat the principal as if the
principal knows, receives, or communicates information
2) actually known, received, or communicated
by an agent

Question 3

When is a notice given to an agent effective as notice to a principal?

Answer 3

1) if the agent has actual or apparent authority
2) to receive the notice

Question 4

For determining a principal’s legal relation with a third party, when is notice of a fact known to an agent imputed to P?

Answer 4

1)If knowledge of the fact

2) is material

3) to the** agent’s duties** to P