Which of the Following Is Not Necessarily a Means an Agency

question 20

Multiple Choice

Which of the following is not necessarily a means an agency relationship may be terminated?

• A)Revocation of authority
• B)Insolvency of the principal
• C)Renunciation by the agent
• D)Occurrence of a specific event
• E)Fulfillment of purpose

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Definitions:

Excise Tax

A tax charged on specific goods and services, such as alcohol, tobacco, and gasoline.

Cancer Drug

Medications specifically designed to treat cancer by inhibiting the growth of cancerous cells, often targeted to specific types of cancer.

Excise Tax

A duty imposed on specific products or activities by the government, typically with the aim of discouraging their use or raising revenue.

Shrimp Market

A sector of the economy related to the buying, selling, and distribution of shrimp, both wild-caught and farmed.