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:

Paperless Billing

A method of billing where bills are sent electronically through email or accessible via an online account, eliminating the need for physical paper bills.

Global Warming

The long-term rise in Earth's average temperature, largely attributed to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels.

Short-termism

Emphasizing immediate outcomes over strategies that ensure long-term success.

Quarterly Earnings

Financial reports released by companies every three months, detailing earnings, expenses, and net profit during that period.