Explain four ways in which an agency relationship would be terminated action of the parties

Ways in which an agency relationship would be terminated action of the parties

An agency relationship may come to an end by:

  • Mutual agreement or consent both parties to terminate the contract
  • Withdrawal of consent the principal
  • Performance of the contract the agent
  • Bankruptcy of the principal
  • Death of either the principal or the agent
  • Insanity of the principal
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