Asked by
Carin Jackson
on Nov 30, 2024
Verified
By the operation of law, the occurrence of certain events will automatically terminate an agency relationship.
Operation Of Law
The automatic application of law to certain actions and circumstances without the need for an agreement or court action.
Agency Relationship
An agency relationship is a legal arrangement in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
- Gain insight into the scenarios that give rise to and conclude an agency relationship, emphasizing the role of law in these instances.
Verified Answer
KC
Learning Objectives
- Gain insight into the scenarios that give rise to and conclude an agency relationship, emphasizing the role of law in these instances.