If a Principal Terminates an Agency Without Giving Notice of the Termination

question 13

True/False

If a principal terminates an agency without giving notice of the termination to third persons, the agent may retain the power to make contracts that will bind the principal and third persons.

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Definitions:

Prototype

An original model on which later versions are patterned or a typical example of a particular category.

Sea Horse

A marine fish with a head that resembles that of a horse, a prehensile tail, and a unique mode of reproduction with the males carrying the eggs.

Recognizing

The cognitive process of identifying and acknowledging something as having been previously seen, heard, or known.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.