Asked by Sydney Horton on May 25, 2024
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Constructive notice that an agency relationship has terminated is usually completed by publication.
Constructive Notice
Notice of agency termination that is usually given by publishing an announcement in a newspaper.
Agency Relationship
An agency relationship exists when one party, the agent, is authorized to act on behalf of another, the principal, in business transactions with third parties.
Terminated
Terminated means bringing something to an end or conclusion, often referring to the cessation of employment or the conclusion of agreements.
- Understand the creation and dissolution of agency relationships, along with the methods for providing notice of termination.
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Learning Objectives
- Understand the creation and dissolution of agency relationships, along with the methods for providing notice of termination.
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