Agency
Under Mississippi agency law, which of the following would automatically terminate an agency relationship?
AThe listing broker taking a vacation
BThe death of the principal or agent✓ Correct
CThe agent presenting an unaccepted offer
DThe property failing an inspection
Explanation
Agency relationships are automatically terminated by the death of either the principal or the agent, incapacity, mutual agreement, expiration of the term, or completion of the purpose.
Related Mississippi Agency Questions
- Which of the following is the best example of an implied agency being created in Mississippi?
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