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B. An agency will terminate automatically on the occurrence of all but which one of the following? a. The goal of the agency is accomplished.
B. An agency will terminate automatically on the occurrence of all but which one of the following? a. The goal of the agency is accomplished. b. The agent decides to quit. c. The subject matter of the agency is destroyed. d. The principal leaves the country. Mark hires Joe's real estate agency to sell his estate, telling joe he has lost too much money playing the stock market to afford to keep it up. The Mark wins the three million dollar lottery! Joe reads this in the newspaper and that afternoon makes a contract with Sharon to sell the estate. is the contract void? a. No, the agency terminated because of the change in conditions. b. No, the agent has no right to sell without consent. c. Yes, Mark would have to notify Joe if he wanted to stop the sale. Yes, Joe had apparent authority to sell. With respect to authority to deal with third parties on behalf of the principal, which of the following would NOT be considered an agent? a. A salesman who sells his employer's goods. b. A manager who hires employees for the store owner. C. A factory worker hired to operate a machine. d. A buyer who regularly buys merchandise for a store
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