Explore the legal terms and concepts related to Termination of Principal-Agent Relationship. Click on any term below to learn more about its definition and applications.
When can an agency relationship not be terminated unilaterally by the principal?
There are two kinds of agency relationships that cannot be unilaterally terminated by the principal:...
What is the effect of death or incompetency on an agent's authority?
Death or incompetency generally terminates all authority of the agent without notice to either the a...
When does an agent's apparent authority terminate?
Apparent authority ends when it is no longer reasonable for the third party with whom an agent deals...
When does an agent's actual authority terminate?
An agent's actual authority may terminate by: (1) lapse of time, (2) the occurrence of a specific ev...
