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 Characteristics

Traits or attributes that are inherent to an individual, guiding behavior and thought processes.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Reactance

A psychological response where individuals experience discomfort and react in opposition when they perceive their freedoms or choices are being restricted.

Attribution Steps

The processes involved in identifying the cause of an event, emphasizing the analysis of behavior to decide between personal or situational explanations.