As per section 201 of the Contract Act an agency is

Q: Answer-As per section 201 of the Contract Act an agency is terminated by___________________

Section 201. Termination of agencyAn 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.

terminated by___________________

A Efflux of time Correct Answer Incorrect Answer

B Principal not revoking his authority Correct Answer Incorrect Answer

C Principal or agent becoming of sound mind Correct Answer Incorrect Answer

D Agent renouncing the business of the agency Correct Answer Incorrect Answer

Solution

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.

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