Morgan,an Agent,was Instructed to Sell Drew's Property at a Specified

Multiple Choice

Morgan,an agent,was instructed to sell Drew's property at a specified "firm" price of $450,000.A month later,the value of the property decreased substantially to $75,000 because of zoning changes.What is the status of the agency relationship?

A) Most likely,the agency is terminated because of impossibility.
B) It would terminate unless Drew had given Morgan a durable power of attorney.
C) It becomes an agency coupled with an interest,and continues unaffected by any change what so ever.
D) It requires the agent to compensate the principal with less compensation.