If Either the Principal or the Agent Dies,the Agency Relationship

question 30

Multiple Choice

If either the principal or the agent dies,the agency relationship is ________.

• A)void ab initio
• B)void at the election of the surviving party
• C)still recognized by law
• D)ex post facto
• E)automatically terminated

Identify the rights and duties of partners in managing the partnership.

Grasp the liability implications for partners in legal disputes.

Understand the consequences of a partner's withdrawal for the partnership.

Recognize the statutory laws governing partnerships and their operations.

---

Definitions:

Performance Requirements

Specific criteria or standards that must be met within a role or job, outlining the expected level of output or quality of work.

Goal Clarity

The degree to which the objectives set by an individual or organization are precise, understandable, and measurable.

Goal Consistency

The alignment of objectives and targets across different levels or areas within an organization, ensuring that all efforts are directed towards common outcomes.

Goal Difficulty

The level of challenge involved in achieving a specific objective.