Which of the following is not necessarily a means an agency relationship may be terminated?
A)Revocation of authority
B)Insolvency of the principal
C)Renunciation by the agent
D)Occurrence of a specific event
E)Fulfillment of purpose

Question

Quizplus · Accepted Answer

A)An agency relationship can be terminated in a number of ways including
fulfillment of purpose,occurrence of a specific event,revocation of authority,and renunciation by the agent.Insolvency,the inability to pay debts or the condition in which liabilities outweigh assets,does not necessarily result in the termination of the agency relationship.

Which of the Following Is Not Necessarily a Means an Agency