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steposvetlana [31]
3 years ago
10

Pell is the principal and Astor is the agent in an agency coupled with an interest. In the absence of a contractual provision re

lating to the duration of the agency, who has the right to terminate the agency before the interest has expired?
A. Pell: Yes; Astor: Yes
B.Pell: No; Astor: Yes
C. Pell: No; Astor: No
D. Pell: Yes;
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer: B. Pell: No; Astor: Yes.

Explanation: According to Termination of agency law:

-An agent is entitled to renounce his power by refusing to act or by notifying the principal that he will not act for the principal.

The agent can terminate the agency first in absence of contractual agreement relating to the provision of duration of contract.

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Answer: Please refer to Explanation

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g. $139.15 reduction in Taxable income

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The standard rate for 2020 according to the IRS is 57.5 cents per mile so 245 * 57.5 cents per mile will give $139.15.

h. $345 reduction in taxable income

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