When Is an Agency Relationship Irrevocable

question 72

Multiple Choice

When is an agency relationship irrevocable?

• A) It is never irrevocable.
• B) When the principal violates his duties to the agent.
• C) When the agency is coupled with an interest of the agent in the subject matter.
• D) When the agent is a fiduciary.

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Definitions:

Internal Factor

An influence originating from within a person, such as beliefs, desires, and personality traits, affecting their behavior and attitudes.

Future Expectations

Anticipations or beliefs about what will happen in the future, often influencing current decisions or behaviors.

Cultural Lens

The perspective through which an individual's culture influences their interpretation and understanding of the world.

Situational Attributions

Attributing behavior to external or situational factors, rather than to internal dispositions.