Which of the following is correct under the Second Restatement with regard to actual notice to a third party of the termination of an agent's authority to act on behalf of the principal?
A) Publication in a newspaper of general circulation in the area is sufficient if the third party is one with whom the agent had previously dealt on credit.
B) If notice is given by mail,it is effective as actual notice upon delivery to the third party.
C) A personal telephone call to the third party will not suffice,because actual notice must be in writing.
D) Actual notice is not required when the agent has been specially accredited to deal with the third party.

Question

Quizplus · Accepted Answer

Actual notice, as defined under the Second Restatement, is considered effective when it is delivered to the third party. This means that if notice of the termination of an agent's authority is given by mail, it becomes effective as actual notice upon its delivery to the third party. This aligns with general principles of notice and communication in agency law, where the focus is on the receipt of the notice by the intended party.

Which of the Following Is Correct Under the Second Restatement