Contract of Agency

Indian Contract Act (ICA)1872

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

An agency is terminated -----------

By the principal revoking the authority

By the agent renouncing the business of agency

By either the principal or agent dying or becoming of unsound mind

All the above

- Agencies can be terminated in several ways.

- The principal has the right to revoke the authority, ending the agency relationship.

- An agent can also choose to renounce or abandon the business of agency.

- Additionally, the relationship can end if either the principal or agent dies or becomes of unsound mind.

- All these factors can independently result in the termination of an agency.

Answer: Option 4 - All the above