Actual notice of agency termination may never be given orally.

Actual Notice

A legal term referring to the direct and clear knowledge about a fact or situation.

Orally

Orally means communicated or expressed through spoken words rather than in written form or by any other means of communication.

Identify the criteria necessary for effectively ending an agency relationship and the significance of informing third parties.

Verified Answer

Final Answer :

False

Explanation :

Actual notice of termination is given when third parties are directly informed,orally or in writing,that an agency agreement has terminated.

Learning Objectives

Identify the criteria necessary for effectively ending an agency relationship and the significance of informing third parties.