Which of the following is not true regarding notification of agency termination?
A) Termination of an agency without appropriate notice to third parties does not extinguish an agent's actual authority to act on the principal's behalf.
B) If proper notification of agency termination is not given to a third party, the agent still has apparent authority to bind the principal to contracts with third parties.
C) Direct notice of agency termination is often in the form of a letter.
D) Direct notice of agency termination must be given to all persons with whom the agent dealt.
E) Direct or constructive notice of termination must be given to all third parties who have knowledge of the agency, but with whom the agent has not dealt.
Correct Answer:
Verified
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