Pell is the principal and Astor is the agent in an agency coupled with an interest. In the absence of a contractual provision relating to the duration of the agency, who has the right to terminate the agency before the interest has expired?

A. Pell: Yes; Astor: Yes

B. Pell: No; Astor: Yes

C. Pell: No; Astor: No

D. Pell: Yes;

Question

Efrain Rivers

Business

1 November, 19:39

Pell is the principal and Astor is the agent in an agency coupled with an interest. In the absence of a contractual provision relating to the duration of the agency, who has the right to terminate the agency before the interest has expired?

A. Pell: Yes; Astor: Yes

B. Pell: No; Astor: Yes

C. Pell: No; Astor: No

D. Pell: Yes;

+4

Answers (1)

Know the Answer?

Carl Galvan · Answer 1

Answer: B. Pell: No; Astor: Yes.

Explanation: According to Termination of agency law:

-An agent is entitled to renounce his power by refusing to act or by notifying the principal that he will not act for the principal.

The agent can terminate the agency first in absence of contractual agreement relating to the provision of duration of contract.