If the principal and agent agree in advance how long their relationship will last,their agreement is called?

Question

Quizplus · Accepted Answer

If the principal and agent agree in advance how long their relationship will last, it is called a term agreement. Option A "an agency at will" refers to an agency relationship where either party can terminate it at any time. Option B "an agency of purpose" does not refer to a specific type of agreement between principal and agent. Option C "an express agreement" refers to any agreement where both parties openly and clearly state the terms of the relationship, but it does not necessarily indicate if the relationship is for a specific term or indefinite.

If the Principal and Agent Agree in Advance How Long