Tom Smith Is Hired as an Agent of Lakes Computer

question 70

Multiple Choice

Tom Smith is hired as an agent of Lakes Computer System.As part of the agency responsibilities Tom is to wire offices for clients in the country of Israel.Prior to his leaving war breaks out and the U.S.government post a ban on travel to Israel.What is the status of the agency of Tom Smith?

• A) It is probably terminated by operation of law.
• B) It is terminated by the act of the parties.
• C) It is terminated under international law.
• D) It is terminated under religious law.

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Definitions:

Complementary Estate

Describes property rights or interests that are held by different parties but are necessary to the full use and enjoyment of each other's property.

Qualified Fee

An estate in land that is subject to certain conditions or limitations, potentially limiting the ownership duration or rights.

Tenants by the Entireties

A form of joint tenancy of property that provides rights of survivorship and is available only to a Husband and Wife.

Joint Tenancy

A form of co-ownership where parties own property equally with the right of survivorship, meaning upon the death of one tenant, their share passes to the surviving tenant(s).