An agency can be designed to terminate upon the occurrence of an event that is outside the control of the agent or principal.

Name: An agency can be designed to terminate upon the occurrence of an event that is outside the control of the agent or principal.
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Question

Quizplus · Accepted Answer

This is true. An agency agreement can include a clause stating that it will terminate automatically upon the occurrence of a specific event that is outside the control of the agent or principal, such as bankruptcy or the revocation of a license.

An Agency Can Be Designed to Terminate Upon the Occurrence