Under the Restatement (Third) of Agency, which of the following is correct regarding termination of an agency by operation of law?

Multiple Choice

• The principal's permanent loss of capacity ends the agency, but only if the agent is given notice.

• The death of an individual agent does not terminate the agency relationship if the principal is not an individual.

• The bankruptcy of the agent automatically terminates the agency relationship.

• Termination by the death of the principal is effective only when the agent has notice of the principal's death.