A Revocation of the Agency Relationship Requires That the Principal

question 44

True/False

A revocation of the agency relationship requires that the principal and the agent agree to terminate the agency.

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Definitions:

Discharge

The act of releasing an individual or entity from a legal obligation, such as a debt or duty.

Remortgage Without Consent

The act of obtaining a new mortgage on a property without the approval or agreement of the existing lender or relevant parties who have an interest in the property.

Municipal Taxes

Local government levies imposed on property owners to fund public services such as schools, roads, and emergency services.

Insure Premises

The process of obtaining insurance coverage for physical property against loss or damage.