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Arthur Advances Money to John So That John Can Purchase

Question 42

Multiple Choice

Arthur advances money to John so that John can purchase inventory for his business.In return and for security on the loan, John makes Arthur his agent.If John:


A) becomes incapacitated, Arthur's agency is terminated by operation of law.
B) dies, Arthur's agency is terminated by operation of law.
C) Both of the above.
D) Arthur's agency is irrevocable.

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