Upon the Termination of an Agency,the Agent's Actual Authority Ceases

question 23

True/False

Upon the termination of an agency,the agent's actual authority ceases.However,his apparent authority may continue until actual notice of the termination is given to third parties.

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Definitions:

Venture Capital

Financing provided by investors to startup companies and small businesses with perceived long-term growth potential.

Financing Option

Various methods or strategies available to businesses or individuals to fund projects, purchases, or investments.

Legal Entity

An organization that has legal rights and obligations, including the ability to enter into contracts and sue or be sued.

Legal Rights

Legal rights are entitlements or permissions granted to individuals by law, protecting them and allowing certain actions or claims.