Home >> Cyclopedia-of-law-vol-5 >> Postmaster Is A Public to Writers On Bailment Law >> Termination by the Subse

Termination by the Subse Quent Act or Agreement of the Par Ties


TERMINATION BY THE SUBSE QUENT ACT OR AGREEMENT OF THE PAR TIES. It is said that the relation of principal and agent being that of employer and employed, and found ed on mutual consent, may always be terminated by the agreement of the parties. This agreement may be a condition subsequent, upon the happening of which the agency shall terminate, and termination in this has been considered in the previous section. 'We are now to consider what other acts of the parties are suffi cient to terminate the agency, and under what condi tiotis the principal may revoke, or the agent renounce the authority.

As between the principal and agent, it is the general rule that the principal may revoke the agent's authority at any time at his own option, unless the agent's author ity is coupled with an interest. (Wheeler v. Knaggs, 8 Ohio, 169; Brown v. Pforr, 38 Cal. 55o; Attrill v. Pat terson, 58 Md. 226.) The principal can revoke the authority without adequate reason for so doing, and though it be declared "exclusive" or "irrevocable," but for such a revocation he may be liable in damages to the agent. (Mechem on Agency, Sec. 204; Chambers v. Seay, 73 Ala. 372; Frink v. Roe, 70 Cal. 296.)