An Agency Agreement May Terminate After a Certain Event Happens

question 36

True/False

An agency agreement may terminate after a certain event happens.

---

Definitions:

Assignment

A transfer of rights, property, or responsibilities from one party to another.

Assignee

A person, company, or entity to whom rights or interests have been transferred by another, known as the assignor.

Liabilities

Obligations that a person or company owes to others, often in the form of debts or other financial commitments.

Check Conversion

The process of electronically transforming a paper check into an electronic payment, speeding up the transaction process.