When is an agency relationship irrevocable?
A) It is never irrevocable.
B) When the agency is coupled with an interest of the agent in the subject matter
C) When the principal violates his duties to the agent
D) When the agency is gratuitous

Question

Quizplus · Accepted Answer

An agency relationship is irrevocable when it is coupled with an interest of the agent in the subject matter. This means that the agent has a vested stake in the matter, such as owning property that the agency involves. In such cases, the principal cannot revoke the agency without the agent's consent.

When Is an Agency Relationship Irrevocable