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Under the Restatement (Third) of Agency , which of the following is correct regarding termination of an agency by operation of law? Multiple Choice The
Under the Restatement (Third) of Agency, which of the following is correct regarding termination of an agency by operation of law?
Multiple Choice
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The principal's permanent loss of capacity ends the agency, but only if the agent is given notice.
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The death of an individual agent does not terminate the agency relationship if the principal is not an individual.
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The bankruptcy of the agent automatically terminates the agency relationship.
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Termination by the death of the principal is effective only when the agent has notice of the principal's death.
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