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WAEC Commerce 2005 Question 39

Question 39

Law of Agency

Which of the following is a means by which a contract of agency could be terminated?

  1. A.Mutual agreement
  2. B.Lack of consideration
  3. C.Failure to insure the contract
  4. D.Payment of commission
Show the answer and explanation

Answer: A (Mutual agreement)

Explanation

Agency, like other contracts, can be ended by mutual agreement.