Agnes is an agent for Pepe for maintaining Pepe's antique car collection,including the sale and purchase of antique cars.Agnes has had this position for several years,but recently Agnes has developed a cocaine habit.She recently sold one of Pepe's cars and kept some of the money herself to buy some cocaine.Soon thereafter,Agnes was declared bankrupt.The state then notified Agnes that she had sold the maximum allowable number of cars in a year without getting a dealer's license.Shortly thereafter,Pepe was on a secluded island and died,which no one knew about until 2 weeks later.Discuss the effect of these events on the existence of the agency.

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The Answer of Agnes is an agent for Pepe for maintaining Pepe's antique car collection,including the sale and purchase of antique cars.Agnes has had this position for several years,but recently Agnes has developed a cocaine habit.She recently sold one of Pepe's cars and kept some of the money herself to buy some cocaine.Soon thereafter,Agnes was declared bankrupt.The state then notified Agnes that she had sold the maximum allowable number of cars in a year without getting a dealer's license.Shortly thereafter,Pepe was on a secluded island and died,which no one knew about until 2 weeks later.Discuss the effect of these events on the existence of the agency.

Agnes Is an Agent for Pepe for Maintaining Pepe's Antique