When an agency agreement terminates,direct notice of the termination must be given to all persons who dealt with the agent.

Question

Quizplus · Accepted Answer

This is true according to the common law principle of agency, which requires the principal to give notice of termination to all parties who may have dealt with the agent on behalf of the principal. This allows those parties to know that the agent no longer has authority to act on behalf of the principal and to adjust their actions accordingly.

When an Agency Agreement Terminates,direct Notice of the Termination Must