All of the following are valid ways to terminate an agency relationship in Montana EXCEPT:
Correct Answer
C) The agent unilaterally abandons the client to pursue a more profitable opportunity
Valid ways to terminate an agency relationship in Montana include expiration of the agreement, mutual consent, death of either party, completion of the purpose, or destruction of the property. An agent may NOT unilaterally abandon a client simply to pursue a more profitable opportunity — doing so would constitute a breach of fiduciary duty and could result in disciplinary action.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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