Which of the Following Statements Is True About Termination by Agreement

question 20

Multiple Choice

Which of the following statements is true about termination by agreement?

• A) A principal should give constructive notice to all third parties who dealt with an agent.
• B) When an agency relationship is terminated by an agent, the agent must give actual notice to all third parties who dealt with the agent.
• C) When an agency relationship is terminated by a lapse of time, there is no requirement to give notification to third parties.
• D) Constructive notice may be given to others through advertisement in newspapers published in areas where an agent operated on behalf of a principal.

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Definitions:

Dutch Reformed Church

A Protestant denomination that originated in the Netherlands during the Reformation and established congregations in North America, especially among Dutch immigrant communities.

Religious Freedom

The right of individuals and communities to practice their religion without government interference or discrimination.

New Netherland

A 17th-century colonial province of the Dutch Republic that included parts of what are now New York, New Jersey, Delaware, and Connecticut.

Petrus Stuyvesant

The last Dutch Director-General of the colony of New Netherland until it was ceded to the English in 1664, known for his efforts to strengthen the colony's defenses and manage relations with Native Americans.