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Commerce · Q50

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 50

Q50

The agency extends to receiving notice on behalf of whatever in material to be stated in the course of the proceedings. For this rule to operate 1. The agent must be under a duty to communicate. 2. The information must be material. 3. It must have been obtained in the course of business for which the agent has been engaged. 4. The agent is not privy to a fraud on the principal.

A.
Statement 1 and 2 are true
B.
Statement 2 and 4 are true
C.
Statement 3 and 4 are true
Answer
D.
All statements are true

Answer: Option C

Solution

Answer: Option C
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