Which of the following is false with respect to a written agency agreement by an agent to act as the principal's exclusive agent for five years?
A)Such an agency is capable of being revoked.
B)If either party revokes the contract within five years, he will be liable for breach of contract.
C)The agent has the power to renounce the agreement.
D)This is an agency coupled with an interest.

Question

Quizplus · Accepted Answer

An agency coupled with an interest is an agency where the agent has an interest in the subject matter of the agency, such as being owed money by the principal. In this scenario, there is no indication that the agent has any such interest, so it cannot be a agency coupled with an interest. The other statements are true - the agency is revocable, breach of contract can occur if revoked early, and the agent can renounce the agreement.

Which of the Following Is False with Respect to a Written