menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Business Law and the Legal Environment Study Set 2
  4. Exam
    Exam 28: Relationship of Principal and Agent
  5. Question
    The Third Restatement Specifies That an Agency Is Automatically Terminated
Solved

The Third Restatement Specifies That an Agency Is Automatically Terminated

Question 61

Question 61

True/False

The Third Restatement specifies that an agency is automatically terminated when the principal goes bankrupt.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q56: When is an agency relationship irrevocable?<br>A) It

Q57: A minor cannot act as an agent.

Q58: If Elizabeth, agent for Wade, finds out

Q59: Lewis employs Donna under a one-year contract

Q60: A _ is a written, formal appointment

Q62: Since the agency relationship is created by

Q63: The power of a gratuitous agent to

Q64: The concept of conflict of interest as

Q65: An agent may lose the right to

Q66: Steven is a manufacturer's representative for Incell

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines