Which of the following is an advisable step for a principal to take after terminating an agency relationship?
A) Ensure the termination agreement is put into writing.
B) Ensure that third parties are notified.
C) Ensure an indemnity agreement is in place.
D) Ensure the agent is informed in writing of the termination.
Correct Answer:
Verified
Q39: Which of the following would a court
Q40: In which of the following situations would
Q42: An agent who has been given permission
Q47: There must be three key relationships at
Q48: Which of the following would a risk
Q48: All fiduciaries are agents of principals.
Q49: An agency relationship created when one party
Q49: Express authority is a narrowly interpreted legal
Q57: An agency relationship created when the principal
Q59: Agency relationships generated difficult complications resulting from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents