The Third Restatement specifies that an agency is automatically terminated when the principal goes bankrupt.

Name: The Third Restatement specifies that an agency is automatically terminated when the principal goes bankrupt.
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The Third Restatement of Agency does not automatically terminate an agency relationship upon the principal's bankruptcy; it depends on the circumstances and the terms of the agency agreement.

The Third Restatement Specifies That an Agency Is Automatically Terminated