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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
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
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