Asked by Kesjan Kalemi on May 14, 2024
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To terminate agency relationships to a third party that have business transactions with the principal, the principal must send written notice by certified mail of the termination.
Agency Relationships
A legal relationship in which one party (the agent) acts on behalf of another party (the principal) in dealings with third parties.
Third Party
An entity not directly involved in a transaction or agreement but may be affected by it or have an interest in its outcome.
Business Transactions
Financial activities or agreements carried out between parties, often involving the exchange of goods, services, money, or property.
- Familiarize oneself with the formation and ending of agency relationships, including the approaches to communicate termination.
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Learning Objectives
- Familiarize oneself with the formation and ending of agency relationships, including the approaches to communicate termination.
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