Termination of Agency

Question 1

What will cause “Termination of Agency”?

Answer 1

• Revocation given by the principal to the agent
• Renunciation given to the principal by the agent
• by the completion of the transaction
• expiration of the period stipulated
• mutual agreement
• by death, lunacy, or bankruptcy of the principal or agent
• operation of any law which renders the contract of an agent illegal