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Terminating Agency Relationships

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Paul hires Andy to be his sports agent. Paul hires Andy specifically to negotiate his NFL contract for the upcoming football season. Andy tries, but there aren't any NFL teams currently interested in Andy and recruiting season is now over. What is the state of this agency relationship?

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1. Paul hires Andy to be his sports agent. Paul hires Andy specifically to negotiate his NFL contract for the upcoming football season. Shortly afterward, Paul breaks his leg and can't play football for several months. What is the state of this agency relationship?

2. Paul hires Andy to be his sports agent. Paul hires Andy specifically to negotiate his NFL contract for the upcoming football season. Shortly afterward, Paul breaks his back and is paralyzed. He can't play football ever again. What is the state of this agency relationship?

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About This Quiz & Worksheet

This quiz and attached worksheet are useful for gauging your understanding of how to terminate agency relationships. The quiz includes questions about contracts and operation of law.

Quiz & Worksheet Goals

Use these assessment tools to measure your knowledge of:

  • Why contracts are terminated
  • Defining and interpreting agency relationships
  • Disagreements with agencies

Skills practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business law lesson
  • Critical thinking - apply relevant concepts to examine information about how to terminate agency relationships in a different light
  • Interpreting information - verify that you can read information regarding the parties in agency relationships and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about contracts with agencies

Additional Learning

For more extensive information about agency contracts, examine the lesson called Terminating Agency Relationships. The lesson includes the following topics:

  • Principals and agents
  • Apparent authority
  • Operation of law
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