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Which of the following statements is incorrect?
  • a)
    An agency may be terminated by death of either party.
  • b)
    An agency may be terminated by express agreement.
  • c)
    An agency agreement can always be terminated by a principal.
  • d)
    Mental incapacity of an agent will terminate the agency relationship.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is incorrect?a)An agency may be term...
Some agency agreements such as a Lasting Power of Attorney cannot be revoked once registered with the Office of the Public Guardian and the principal no longer has his mental capacity.
Hence the Option A that an agency agreement can always be terminated by a principal is correct, as the Statement is incorrect. All other staements are correct.
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Which of the following statements is incorrect?a)An agency may be terminated by death of either party.b)An agency may be terminated by express agreement.c)An agency agreement can always be terminated by a principal.d)Mental incapacity of an agent will terminate the agency relationship.Correct answer is option 'A'. Can you explain this answer?
Question Description
Which of the following statements is incorrect?a)An agency may be terminated by death of either party.b)An agency may be terminated by express agreement.c)An agency agreement can always be terminated by a principal.d)Mental incapacity of an agent will terminate the agency relationship.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statements is incorrect?a)An agency may be terminated by death of either party.b)An agency may be terminated by express agreement.c)An agency agreement can always be terminated by a principal.d)Mental incapacity of an agent will terminate the agency relationship.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is incorrect?a)An agency may be terminated by death of either party.b)An agency may be terminated by express agreement.c)An agency agreement can always be terminated by a principal.d)Mental incapacity of an agent will terminate the agency relationship.Correct answer is option 'A'. Can you explain this answer?.
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