Which of the Following Is False Regarding Termination of Agency

question 10

Multiple Choice

Which of the following is false regarding termination of agency based on operation of law?

• A)Impossibility of performance terminates the agency relationship.
• B)An agency agreement is terminated whenever the agent,unknown to the principal,acquires an interest against the principal's interest.
• C)The agency agreement is terminated if the agent breaches the duty of loyalty he or she has to the principal.
• D)A change in law passed subsequent to the formation of an agency agreement may not terminate the agency agreement.
• E)If there is an unusual change in circumstances that leads the agent to believe that the principal's instructions do not apply,the agency relationship terminates.

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Definitions:

General Self-Efficacy

An individual’s belief in their ability to accomplish tasks and succeed in various situations.

Internal Locus

The belief that one has control over their own life and outcomes, as opposed to external forces determining their path.

Self-Efficacy

An individual's belief in their own ability to complete tasks and reach goals.

Training Motivation

The drive or willingness of an individual to participate in and complete training programs.