Actual notice of agency termination must be given to third parties who have had business interactions with an agent in order to fully terminate a principal's responsibility.

Question

Quizplus · Accepted Answer

Actual notice is required for third parties who have previously interacted with the agent to ensure they are aware of the termination, thereby fully terminating the principal's responsibility towards any actions the agent might take after the termination of the agency.

Actual Notice of Agency Termination Must Be Given to Third