In what ways can agency be terminated?

Agency can be terminated in various ways, and one of the primary methods is indeed through mutual consent or under certain conditions. This principle reflects the fundamental nature of agency relationships, which are often based on the agreement of the parties involved. The relationship can be dissolved when both the principal and the agent agree to end it, highlighting the voluntary aspect of these agreements.

Additionally, agency can be terminated under specific conditions that may be outlined in the agreement or arise by law. For instance, agency may be ended upon the completion of the purpose for which the agency was created, the expiration of the agency's term, or when either party becomes incapacitated or dies. Recognizing that agencies are inherently consensual arrangements underscores the validity of this answer as it encapsulates both mutual agreement and the conditions under which an agency can naturally conclude.

The other options provided reflect misunderstandings about agency termination. A formal court order is typically not required for terminating an agency; instead, such relationships are often resolved informally through agreement. Notification of other partners pertains more to partnerships specifically rather than the broader context of agency termination. The idea of appointing a new agent does not inherently terminate the previous agency relationship without proper notification or agreement, as the existing agent can still operate until an official termination