When an Agent's Authority Is Terminated by Mutual Agreement, What

When an agent's authority is terminated by mutual agreement, what is the impact on the agent's actual and apparent authority?

A) Both the actual authority and the apparent authority immediately cease.
B) The actual authority ceases, but the apparent authority continues until the third party is notified of
Termination.
C) The actual authority continues until the third party is notified of termination, but the apparent authority ceases.
D) Both the actual authority and the apparent authority continue, because an agent's authority cannot be terminated by mutual agreement.
E) Both the actual authority and the apparent authority continue until the third party is notified of
Termination.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free