When Is an Agency Relationship Irrevocable

question 56

Multiple Choice

When is an agency relationship irrevocable?

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

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Definitions:

Column Charts

A type of graph used in statistics and business to visually compare categories of data across vertical bars.

Line Chart

A type of graph that depicts information as a series of data points connected by straight line segments, often used to show trends over time.

Pictograph

A written symbol that represents an idea or object rather than a word, used in ancient writing systems and also in modern infographics.

Picture Units

The smallest element of a picture or image that can be individually processed in a digital display system.