Which of the Following Is False Regarding Revocation of the Authority

question 34

Multiple Choice

Which of the following is false regarding revocation of the authority of an agent and renunciation by an agent?

• A) At any time a principal can revoke an agent's authority.
• B) A principal's revocation of an agent's authority may result in a breach of contract entitling the agent to damages.
• C) An agent can terminate the agency relationship by renouncing the authority given to the agent.
• D) An agent's wrongful ending of the agency relationship may be a breach of contract entitling the principal to damages.
• E) If an agent has breached a fiduciary duty to the principal, the principal can revoke the agent's authority; but the agent may be entitled to damages.

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Definitions:

Firm Profits

The net income a company retains after deducting all costs, taxes, and expenses from its total revenue.

Fringe Benefits

Non-wage compensation provided to employees in addition to their salaries, such as health insurance, retirement plans, or paid time off.

Work Time

The period during which an individual is engaged in performative tasks or duties associated with their job.

Strike

A work stoppage caused by the mass refusal of employees to work, usually in an attempt to gain concessions from their employer.