Termination of Authority

Question 1

Revocation/Renunciation

Answer 1

Effective as soon as either party gives notice to other party

Question 2

Agency Agreement

Answer 2

P and A mutually agree to terminate A’s authority

Occurrence of specified circumstances in agreement

Question 3

Change of Circumstances

Answer 3

Change causes A to reasonably believe that P no longer consents to A acting on P’s behalf

Question 4

Passage of Time

Answer 4

Reasonable period of time

Question 5

P’s Death

Answer 5

A’s actual authority terminates upon notice

Question 6

A’s Death

Answer 6

Automatically terminates A’s actual authority

Question 7

P’s Loss of Capacity

Answer 7

A’s actual authority terminates upon notice

Question 8

Statutorily Mandated

Answer 8

Occurrence of circumstances specified by statute may affect the agency relationship and modify or terminate actual authority

Question 9

A’s Breach of Fiduciary Duty

Answer 9

A’s authority terminates when A breaches fiduciary duty to P