Asked by aimee parker on Apr 30, 2024
Verified
The principal may terminate an agency coupled with an interest.
Agency Coupled
A principal-agent relationship that cannot be terminated at will by the principal because it includes an interest beneficial to the agent.
Principal
The original amount of money loaned or invested, separate from interest or earnings.
Terminate
To bring to an end or conclude something, such as a contract, employment, or process.
- Determine the various categories and consequences of power of attorney.
Verified Answer
FG
flavinha12 gomesMay 06, 2024
Final Answer :
False
Explanation :
An agency coupled with an interest is created for the benefit of the agent, giving the agent a personal interest in the property or subject matter of the agency. Therefore, the principal cannot unilaterally terminate this type of agency before the interest of the agent is fulfilled or the agreed term expires.
Learning Objectives
- Determine the various categories and consequences of power of attorney.