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Joe entered into an agency agreement with a buyer. How may Joe's agreement be terminated...?

A. All of the above
B. Expiration of the contract
C. Fulfillment of the duties by both parties
D. The buyer rescinds the contract

User GregK
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1 Answer

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Final answer:

Joe's agency agreement with a buyer may be terminated through the expiration of the contract, fulfillment of the duties by both parties, or if the buyer rescinds the contract, corresponding to all aforementioned options.

Step-by-step explanation:

Joe's agreement with a buyer may be terminated in several ways, including: B. Expiration of the contract, C. Fulfillment of the duties by both parties, and D. The buyer rescinds the contract. Therefore, the direct answer to how Joe's agreement can be terminated would be A. All of the above.

Agency agreements can be time-sensitive and usually include terms that specify the duration of the contract. Upon the expiration of the contract, either party may decide not to renew, effectively terminating the agreement. Similarly, fulfillment of the agency agreement's duties by both Joe and the buyer concludes the business for which the agency was created, thereby naturally ending the agreement.

Moreover, should either party wish to end their business relationship, the buyer might rescind the contract, acknowledging that all applicable legal expectations and conditions are met for such a rescission. It’s important to reference the specific terms and provisions within the agency agreement for accurate termination conditions.

User Wenneguen
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