Question

A contract of Agency can be terminated by the principal revoking his authority; or by the agent renouncing the business of the agency; or by the business of the agency being completed; or by either the principal or agent dying or becoming of unsound mind; or______________

Q: Answer-A contract of Agency can be terminated by the principal revoking his authority; or by the agent reno...

Section 201. Termination of agency- An agency is terminated by the principal revoking his authority or by the agent renouncing the business of the agency or by the business of the agency being completed or by either the principal or agent dying or becoming of unsound mind or by the principal being adjudicated an insolvent under the provisions of any Act for the time being in force for the relief of insolvent debtors.

A By the principal being adjudicated an insolvent under the provisions of any Act for the time being in force for the relief of insolvent debtors

B By the agent being adjudicated an insolvent under the provisions of any Act for the time being in force for the relief of insolvent debtors

C By either party being adjudicated an insolvent under the provisions of any Act for the time being in force for the relief of insolvent debtors

D By the third person being adjudicated an insolvent under the provisions of any Act for the time being in force for the relief of insolvent debtors

E None of the above

Practice Next

A contract of Agency can be terminated by the principal revoking his authority; or by the agent renouncing the business of the agency; or by the business of the agency being completed; or by either the principal or agent dying or becoming of unsound mind; or______________

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