Which of the Following Statements Is True About Termination by Agreement

question 20

Multiple Choice

Which of the following statements is true about termination by agreement?

• A) A principal should give constructive notice to all third parties who dealt with an agent.
• B) When an agency relationship is terminated by an agent, the agent must give actual notice to all third parties who dealt with the agent.
• C) When an agency relationship is terminated by a lapse of time, there is no requirement to give notification to third parties.
• D) Constructive notice may be given to others through advertisement in newspapers published in areas where an agent operated on behalf of a principal.

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Definitions:

Electronic Calendar Management

The use of digital tools or software to organize, schedule, and keep track of appointments, meetings, and events.

Scheduling Conflicts

Situations where two or more events are planned for the same time period, making it impossible for an individual to attend all.

Time Management

The method of scheduling and coordinating how to allocate an individual's time among various tasks effectively.

Sales Quotas

Targets set for sales teams or individuals within a certain time frame, measuring the minimum amount of sales that must be achieved.