An Event Does Not Automatically Terminate an Agency Merely Because

question 23

True/False

An event does not automatically terminate an agency merely because its occurrence makes it improbable that the principal would want performance.

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Definitions:

Price Inelastic

A characteristic of a good or service whose demand does not significantly change when its price changes.

Agricultural Products

Goods derived from farming and the cultivation of soil, including crops and livestock.

Agricultural Industry

The sector of the economy focused on the production, processing, and distribution of food, fiber, and related products.

Farm Products

Items derived from agriculture, including crops and livestock.