When is an agency relationship irrevocable?
A) It is never irrevocable.
B) When the agency is coupled with an interest of the agent in the subject matter.
C) When the principal violates his duties to the agent.
D) When the agent is a fiduciary.

Question

Quizplus · Accepted Answer

An agency relationship is irrevocable when it is coupled with an interest, meaning the agent has a significant interest in the subject matter of the agency, beyond merely earning a commission or fee. This interest can be a legal or beneficial interest in the property or subject matter of the agency.

When Is an Agency Relationship Irrevocable