When an Agent's Authority Is Terminated by Mutual Agreement, What

question 39

Multiple Choice

When an agent's authority is terminated by mutual agreement, what is the impact on the agent's actual and apparent authority?

• A) The actual authority continues until the third party is notified of termination, but the apparent authority ceases.
• B) Both the actual authority and the apparent authority continue until the third party is notified of termination.
• C) Both the actual authority and the apparent authority immediately cease.
• D) The actual authority ceases, but the apparent authority continues until the third party is notified of termination.
• E) Both the actual authority and the apparent authority continue, because an agent's authority cannot be terminated by mutual agreement.

---

Definitions:

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.

Prime Working Age

Individuals who are in the age group considered to be in their most productive years, typically between 25 and 54 years old.

Labor-Force Participation Rates

The percentage of the adult population that is either employed or actively seeking employment.

Unemployment Rate

The level of unemployment within the labor force among those who are vigorously searching for jobs.