In the Absence of Some Specific Contractual Requirement, an Agency

question 56

Multiple Choice

In the absence of some specific contractual requirement, an agency arrangement may be terminated by

• A) The agent giving notice to the principal.
• B) The principal losing the authority to contract as a result of the principal's death, insanity or bankruptcy.
• C) The performance of the agency becoming impossible.
• D) The principal giving notice to the agent.
• E) All of the above.

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Definitions:

TSX

Toronto Stock Exchange, the largest stock exchange in Canada, where stocks, bonds, and other securities are bought and sold.

Incentive Schemes

Programs designed to motivate and compensate employees, often tied to performance criteria to enhance productivity and achieve corporate goals.

Ethical Behaviour

Conduct that is in accordance with accepted principles of right or wrong governing the conduct of a profession or individual.

Whistle Blowers

Individuals who expose information or activity within a private, public, or government organization that is deemed illegal, unethical, or not correct.