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Question
Henry owns a movie production house which is represented by a law firm. He also owns a shipping agency which is represented by Chase. The agency relationship between Henry and Chase will be terminated by the bankruptcy of which of the parties?
A. The bankruptcy of Henry will terminate the agency relationship.
B. The bankruptcy of the law firm will terminate the agency relationship.
C. Both Henry and Chase must be bankrupt to terminate the agency.
D. The bankruptcy of the movie production house will terminate the agency relationship.
Answer
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