After an Agency Terminates, the Agent Is Free to Disclose

question 51

True/False

After an agency terminates, the agent is free to disclose to third persons any information acquired during the agency relationship.

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Definitions:

Grumbling Acceptance

Reluctant or unwilling acceptance of an outcome or condition while expressing dissatisfaction or discontent.

UCC Section 2-207

UCC Section 2-207 deals with the "battle of the forms" or how contracts and terms are treated when there is an exchange of incongruent or additional terms in business contracts.

Material Terms

The essential details and provisions of a contract that affect the rights and obligations of the parties involved.

Definite

clearly stated or decided; not vague or doubtful.