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Which of the Following Statements Is True About Termination by Agreement

Question 20

Multiple Choice

Which of the following statements is true about termination by agreement?


A) A principal should give constructive notice to all third parties who dealt with an agent.
B) When an agency relationship is terminated by an agent, the agent must give actual notice to all third parties who dealt with the agent.
C) When an agency relationship is terminated by a lapse of time, there is no requirement to give notification to third parties.
D) Constructive notice may be given to others through advertisement in newspapers published in areas where an agent operated on behalf of a principal.

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