Explain four ways in which an agency relationship would be terminated by action of the parties
Ways in which, an agency relationship would be terminated by action of the parties
An agency relationship may come to an end by:
- Mutual agreement or consent by both parties to terminate the contract
- Withdrawal of consent by the principal
- Performance of the contract by the agent
- Bankruptcy of the principal
- Death of either the principal or the agent
- Insanity of the principal
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