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

If John becomes incapacitated

Arthurs agency is terminated by operation of law

Arthurs agency is terminated by operation of law If John files for bankruptcy

Arthurs agency is terminated by operation of law If John dies

All of the above are correct

Arthurs agency is irrevocable