Ask Question
24 January, 15:14

true or false An agent may continue to represent the principal even after the agency relationship is terminated.

+3
Answers (1)
  1. 24 January, 18:53
    0
    False

    Explanation:

    Agency refers to a kind of agreement wherein the first party, known as the Principal confers a right on the second party, called an agent, to act on his behalf or as per his directions.

    It establishes a fiduciary responsibility i. e that of a legal trust between the parties.

    Once the agency agreement is terminated, the relationship between a principal and an agent ceases. Thereafter, the agent cannot continue representing the principal and if he does, he shall be held personally liable for such acts which result into any damage or loss to a third party.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “true or false An agent may continue to represent the principal even after the agency relationship is terminated. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers