Which of the following is true regarding notice of termination of an agency relationship?
A) Notice of termination of an agency relationship must be given by actual notice.
B) Depending on the circumstances, notice of termination can be actual or constructive.
C) Notice of termination of an agency must be given in writing.
D) Actual notice of termination of an agency relationship is not needed once 30 days have passed since the termination because at that point notice is presumed.
E) Actual notice of termination of an agency relationship is not needed once 60 days have passed since the termination because at that point notice is presumed.

Question

Quizplus · Accepted Answer

Notice of termination of an agency relationship can be either actual or constructive, depending on the circumstances. Actual notice involves directly informing the concerned parties, while constructive notice involves circumstances or actions that imply the termination has occurred, without direct communication.

Which of the Following Is True Regarding Notice of Termination