An agent has no right or obligation on a contract unless he/she enters into on behalf of his/her principal. State and explain FIVE exceptions to this statement. (10 marks)
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- Where he agrees to accept personal liability
- When the agent is not appointed by deed and he signs the Deed, he becomes personally liable thereon.
- Where the agent signs a bill of exchange in his own name but does not indicate that he is signing as a mere agent;
- Where trade custom makes the agent personally liable
- Where the supposed agent is the principal but purports to contract as an agent;
- Where an agent acts for an undisclosed principal but does not make it clear that he is acting as an agent.
(Any 5 points)