Sometimes, agency relationships terminate due to circumstances or changes affecting the contract or the subject property. The term used for the termination of agency for these reas... Sometimes, agency relationships terminate due to circumstances or changes affecting the contract or the subject property. The term used for the termination of agency for these reasons is: operation of law, acts of the parties, mutual agreement, breach of contract.
Understand the Problem
The question is asking for the specific legal term used to describe the situations in which agency relationships are terminated due to external factors or changes related to the contract or the property involved.
Answer
Operation of law.
The term used for the termination of agency due to circumstances or changes affecting the contract or the subject property is 'operation of law'.
Answer for screen readers
The term used for the termination of agency due to circumstances or changes affecting the contract or the subject property is 'operation of law'.
More Information
Termination of an agency by 'operation of law' occurs automatically as a result of legal circumstances, such as the death of the principal or agent, loss of subject matter, or some changes in relevant law.
Tips
A common mistake is confusing 'operation of law' with 'acts of the parties,' which involves intentional actions by the principal or agent.
Sources
- The Creation and Termination of Agency Flashcards by ... - Brainscape - brainscape.com
- Agency – The Basic Law | Stimmel Law - stimmel-law.com
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