AgencyAdvancedDelaware Exam
Under Delaware law, an agency relationship may be terminated by:
ACompletion of the purpose of the agency
BMutual agreement of the parties
COperation of law (death or incapacity)
DAll of the aboveCorrect
Why All of the above Is Correct
Answer D: All of the above
An agency relationship in Delaware may be terminated by completion of the agency purpose, mutual agreement, expiration of the agreement period, or by operation of law such as death or incapacity of a party.
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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