An agency relationship may be terminated in several ways for a variety of reasons. Which of the following is not one of these reasons?
A) Insolvency of the principal
B) Occurrence of a specific event
C) Revocation of authority
D) Fulfillment of purpose
E) Renunciation by the agent

Question

Quizplus · Accepted Answer

Insolvency of the principal does not automatically terminate an agency relationship. The other options (B, C, D, E) are valid reasons for termination.

An Agency Relationship May Be Terminated in Several Ways for a Variety