Stein Has Agreed to Act as an Agent for Tayman

question 1

Multiple Choice

Stein has agreed to act as an agent for Tayman Resources Inc for two years. Under the agreement, Stein is responsible for finding mining claims for Tayman to invest in. During the two- year term, Stein has agreed not to work for anyone else. No other terms have been agreed to in the agency agreement. Which of the following is TRUE?

• A) The agency is terminated at the end of the two- year term.
• B) The agency is terminated if Stein becomes physically unable to look for mining claims for Tayman.
• C) Either Stein or Tayman can terminate the agency on notice to the other.
• D) The agency is terminated if Tayman goes bankrupt.
• E) All of the above.

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