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Q -Firing an agent terminates: a- Express authority. b- Apparent authority. c- Implied authority. d- a...

Q -Firing an agent terminates:

a- Express authority.

b- Apparent authority.

c- Implied authority.

d- a and c only.

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Answer #1


Q -Firing an agent terminates:
a- Express authority.
b- Apparent authority.
c- Implied authority.
d- a and c only.
The answer is C - Implied Authority.

How an agency is terminated?
A BID
A - act of the specialist or a principal ending the agency contract.
B - bankruptcy of the principal upon notice to the specialist.
I - ineptitude of the principal.
D - death
How an agency relationship can be terminated?
An agency relationship can be terminated by either party orally, in writing or "impliedly".

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