Law Of Commercial Transaction Ii

1. Define agency and identify different types of agency relationships.
2. Explain the legal requirements for creating a valid agency.
3. Determine the scope of an agent's authority and the principal's liability.
4. Analyze the duties and obligations of agents and principals.
5. Describe the various ways an agency relationship can be terminated.
6. Understand the nature and characteristics of hire purchase agreements.
7. Distinguish hire purchase agreements from other types of sales contracts.
8. Apply relevant legislation to resolve disputes arising from agency and hire purchase transactions.

13 weeks, about 46 hours in total. Yours will differ.

1. Week 1Module 1:

   • Unit 1: Meaning of Agency · 2 hours

     Read Unit 1: Meaning of Agency, focusing on definitions and the origin of agency.. Complete Self Assessment Exercise 1 to test your understanding of the concept..

2. Week 2Module 1:

   • Unit 2: Nature and Character of Agency Relationship · 2 hours

     Study Unit 2: Nature and Character of Agency Relationship, paying attention to consent and authority.. Complete Self Assessment Exercise 1 and 2 to reinforce your understanding..

   • Unit 3: Classification of Agents · 2 hours

     Read Unit 3: Classification of Agents, focusing on the differences between general, special, and mercantile agents.. Complete Self Assessment Exercise 1 and 2 to test your knowledge..

3. Week 3Module 2:

   • Unit 1: Competence of Principal · 2 hours

     Study Unit 1: Competence of the Principal, focusing on infants, mentally ill persons, and corporations.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

   • Unit 2: Competency to be an Agent · 2 hours

     Study Unit 2: Competency to be an Agent, focusing on legal practitioners, insurance agents, and auctioneers.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

4. Week 4Module 2:

   • Unit 3: Authority of an Agent · 3 hours

     Study Unit 3: Authority of an Agent, focusing on actual and usual authority.. Complete Self Assessment Exercise 1 and 2 to test your understanding..

5. Week 5Module 2:

   • Unit 4: Formalities to Creation of Agency · 3 hours

     Study Unit 4: Formalities to Creation of Agency, focusing on agency by agreement and estoppel.. Complete Self Assessment Exercise 1 and 2 to test your understanding..

6. Week 6Module 2:

   • Unit 5: Agency by Ratification · 3 hours

     Study Unit 5: Agency by Ratification, focusing on validity, mode, and effect of ratification.. Complete Self Assessment Exercise 1 and 2 to test your understanding..

7. Week 7Module 2:

   • Unit 6: Agency by Necessity · 3 hours

     Study Unit 6: Agency by Necessity, focusing on the doctrine of deserted wife's agency of necessity.. Complete Self Assessment Exercise 1 and 2 to test your understanding..

8. Week 8Module 3:

   • Unit 1: Relationship with Third Party: The Disclosed Principal · 3 hours

     Study Unit 1: Relationship with Third Party; Disclosed Principal, focusing on contracts by agents and the effect of agency.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

9. Week 9Module 3:

   • Unit 2: Relationship with Third Party: The Undisclosed Principal · 3 hours

     Study Unit 2: Relationship with Third Party; Undisclosed Principal, focusing on the doctrine of undisclosed principal and personal liability of the agent.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

10. Week 10Module 3:

    • Unit 3: Relationship between Principal and Agent · 3 hours

      Study Unit 3: Relationship between Principal and Agent, focusing on duties to perform, obedience, care, and good faith.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

11. Week 11Module 4:

    • Unit 1: Duties of the Principal to the Agent · 3 hours

      Study Unit 1: Duties of the Principal to the Agent, focusing on the duty to remunerate, reimburse, and indemnify.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

    • Unit 2: Remedies Available to the Parties · 3 hours

      Study Unit 2: Remedies Available to the Parties, focusing on remedies for the principal and the agent.. Complete Self Assessment Exercise 1 and 2 to test your understanding..

12. Week 12Module 5:

    • Unit 1: Termination of Agency by Acts of the Parties · 3 hours

      Study Unit 1: Termination of Agency by Acts of the Parties, focusing on agreement, revocation, and renunciation.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

    • Unit 2: Termination of Agency by Operation of Law · 3 hours

      Study Unit 2: Termination of Agency by Operation of Law, focusing on performance, effluxion of time, frustration, death, insanity, and bankruptcy.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..

13. Week 13Module 5:

    • Unit 3: Incidence of Termination of Agency · 3 hours

      Study Unit 3: Incidence of Termination of Agency, focusing on irrevocable authority, notice of termination, and effect of termination.. Complete Self Assessment Exercise 1, 2, and 3 to test your understanding..