Which of the Following Is True of Termination of Agency

question 37

Multiple Choice

Which of the following is true of termination of agency by operation of law?

• A) The principal's permanent loss of capacity ends the agency only if the agent is given notice.
• B) The bankruptcy of the agent automatically terminates the agency relationship.
• C) Termination by the death of the principal is effective only when the agent has notice of the principal's death.
• D) The death of an individual agent does not terminate the agency relationship if the principal is not an individual.

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Definitions:

Insert Function Box

A feature in spreadsheet software that helps users add pre-defined formulas into their worksheets.

Sum Menu

A functionality or option in software applications, especially spreadsheets, that totals selected numerical values.

Name Box Area

A feature in spreadsheet software like Microsoft Excel that displays the address of the selected cell or range of cells.

Arithmetic Operator

Symbols used in mathematics and programming to perform standard arithmetic operations such as addition, subtraction, multiplication, and division.