Insurance Sales Corporation hires Jeremy to act as its agent. Insurance Sales's right not to perform a contract entered into by Jeremy, if he breaches their agency agreement, is the right of

Question

Insurance Sales Corporation hires Jeremy to act as its agent. Insurance Sales's right not to perform a contract entered into by Jeremy, if he breaches their agency agreement, is the right of​

Quizplus · Accepted Answer

The right of avoidance allows a principal, in this case, Insurance Sales Corporation, to refuse to perform a contract entered into by its agent, Jeremy, if he breaches their agency agreement. This right is exercised to avoid the obligations of a contract that was entered into by an agent who was not acting within the scope of their authority or who violated the terms of the agency agreement.

Insurance Sales Corporation Hires Jeremy to Act as Its Agent