Complete loss of intellectual/legal capacity on the part of the principal will:
A) Give the principal the right to elect to terminate the agency agreement.
B) Automatically terminate the agency unless the agent was appointed under the authority of a general power of attorney.
C) Automatically terminate the agency unless the agent was appointed under the authority of an enduring power of attorney.
D) Increasing the standard of care owed by the agent to the principal and broaden the scope of their duties.
Correct Answer:
Verified
Q38: If an agent is found to have
Q39: If a principal's instructions are vague or
Q40: A real estate agent who learns that
Q41: An agent may have apparent authority to
Q42: A broker is:
A)An agent who is authorised
Q44: If an agent is appointed to engage
Q45: A 'del credere' agent:
A)Agrees to indemnify the
Q46: The legal term 'agent' means:
A)A person who
Q47: The legal term 'principal' means:
A)An ideal or
Q48: Once a relationship of agency has been
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