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stealth61 [152]
3 years ago
5

true or false An agent may continue to represent the principal even after the agency relationship is terminated.

Business
1 answer:
Annette [7]3 years ago
7 0

Answer:

False

Explanation:

Agency refers to a kind of agreement wherein the first party, known as the Principal confers a right on the second party, called an agent, to act on his behalf or as per his directions.

It establishes a fiduciary responsibility i.e that of a legal trust between the parties.

Once the agency agreement is terminated, the relationship between a principal and an agent ceases. Thereafter, the agent cannot continue representing the principal and if he does, he shall be held personally liable for such acts which result into any damage or loss to a third party.

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3 years ago
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