Which of the Following Is Not a Common Method of Termination

question 39

Multiple Choice

Which of the following is not a common method of termination of the principal-agent relationship by operation of law?

• A) death of the principal
• B) death of the agent
• C) insanity of the principal
• D) termination by agreement

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Definitions:

Social Security

Social Security is a government system that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and survivors.

Income Support

Government-provided financial assistance aimed at ensuring individuals can meet a minimum standard of living.

Efficient Tax System

An efficient tax system is one that collects government revenues with minimal economic distortion, allowing for effective allocation of resources without significantly hampering growth.

Deadweight Losses

Economic inefficiencies resulting from market distortions, typically leading to a loss of total societal welfare.