Which of the following is false regarding revocation of an agent's authority and renunciation by an agent?
A) At any time,a principal can revoke an agent's authority.
B) A principal's revocation of an agent's authority might be a breach of contract entitling the agent to damages.
C) An agent can terminate the agency relationship by renouncing the authority given to the agent.
D) An agent's renunciation of a contract might be a breach of contract entitling the principal to damages.
E) If an agent has breached a fiduciary duty to the principal,the principal can revoke the agent's authority,but the agent may be entitled to damages.
Correct Answer:
Verified
Q101: Lakeside Property.Ronnie agreed to act as Sue's
Q102: An agency agreement created for the agent's
Q103: Nasty Break-Up.Harold wants to purchase a lot
Q104: High Maintenance.Paul,who runs a retail jewelry store,went
Q105: Nasty Break-Up.Harold wants to purchase a lot
Q107: Lakeside Property.Ronnie agreed to act as Sue's
Q108: An agency relationship can be terminated through
Q109: High Maintenance.Paul,who runs a retail jewelry store,went
Q110: The Big Sale.Christy,the owner of ABC department
Q111: Cheap Principal.Jason,who is very knowledgeable regarding computers,agrees
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