How can an agency relationship be terminated in Maryland?

An agency relationship in Maryland can be terminated through several methods, one of which includes mutual agreement between the principal and the agent, signifying that both parties consent to end the relationship. Additionally, if the particular purpose of the agency has been fulfilled, this will also lead to termination as the agency no longer serves a function.

Expiration of the agreed term is another way in which an agency relationship can end; once the specified duration has lapsed, the agency automatically concludes unless renewed or extended. Lastly, revocation by the principal means that the principal holds the authority to terminate the relationship at any time, provided it does not violate any agreements made.

Other choices may present partial truths but do not encompass the full scope of how an agency relationship can be terminated. For instance, while an agent might choose to leave, this does not encompass all forms of termination available or the broader principles governing these relationships. Therefore, understanding that numerous grounds exist for termination, as outlined in the correct choice, provides a comprehensive view of agency law in Maryland.