Termination of agency relationships MCQs

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1. Which of the following automatically terminates an agency?



2. When the agent ends the agency by giving notice, it is called:



3. The principal may end the authority of the agent by:



4. Agency is terminated by operation of law in case of:



5. Destruction of the subject matter of the agency leads to:



6. When the principal becomes insane, the agency is:



7. Termination must be communicated to which party for legal effect?



8. An agency coupled with an interest:



9. Change of law that makes the agency illegal results in:



10. If an agency is created for a specific period, it ends by:



11. Termination by mutual consent is also called:



12. When the agent commits a serious breach of duty, the principal may:



13. Agency ends automatically if the agent:



14. Agency can end due to frustration when:



15. If either party becomes bankrupt, the agency:



16. Revocation of agency without proper notice may make the principal liable for:



17. Renunciation without reasonable notice may make the agent liable for:



18. Agency created for a specific business transaction ends when:



19. A minor change in circumstances normally:



20. Termination due to destruction of goods involved in the agency is known as:



21. Notice of termination given only to the agent is:



22. Death of the agent results in:



23. If a principal revokes authority before the agreed time, he may be liable for:



24. When the purpose of the agency is achieved, the agency is:



25. The end of an agency due to a principal’s withdrawal of consent is called:



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