An agency contract is terminated with the death of either the principal or the agent.

Question

Quizplus · Accepted Answer

According to common law, an agency contract is terminated by the death of either the principal or the agent. This is because a personal relationship exists between the principal and the agent, and this relationship is terminated upon the death of either party. However, some agency contracts may contain provisions for what happens in the event of death, so it is important to review the specific terms of the contract.

An Agency Contract Is Terminated with the Death of Either