In which of the following circumstances will an agency relationship NOT be terminated?
A、Bankruptcy of principal
B、Death of principal
C、Insanity of principal
D、Performance by the principal of their contractual obligations
A、Bankruptcy of principal
B、Death of principal
C、Insanity of principal
D、Performance by the principal of their contractual obligations
【参考答案及解析】
The death, insanity or bankruptcy of a principal or agent will terminate the agency relationship.Otherwise agency will continue until the parties agree to terminate the relationship.
The death, insanity or bankruptcy of a principal or agent will terminate the agency relationship.Otherwise agency will continue until the parties agree to terminate the relationship.