Which of the following will terminate an agency coupled with an interest?
A) The death of the principal
B) The bankruptcy of the principal
C) The incapacity of the principal
D) None of these will terminate such an agency.

Question

Quizplus · Accepted Answer

An agency coupled with an interest cannot be terminated by the principal's death, bankruptcy, incapacity, or even revocation by the principal. This is because the agent has a vested interest in the agency relationship, usually in the form of a security interest or lien on the subject matter of the agency. As long as the interest remains, the agency cannot be terminated by the principal.

Which of the Following Will Terminate an Agency Coupled with an Interest