Bankruptcy of an agent doesn't terminate the agency relationship. It
might, in some cases, allow the principal to terminate the agency
for cause, if the continued credit-worthiness of the agent was
important.

Tom

Thomas L (Tom) Gossman
FCL/HCOB
Western Michigan University
Kalamazoo MI 49008-3811
(O) 616-387-5524 (Fax) 616-387-5710

>>> [log in to unmask] 10/23/00 01:42PM >>>
Since everyone has a question I figured  I'd join in. Here is my
question
that has troubled me for sometime and I have yet to find a good
answer.

  QUESTION:  Bankruptcy of an agent usually terminates the agency
relationship. For how long is the bankrupt agent precluded from
acting as an
agent again? It seems that if anyone needed a job, it's a bankrupt
agent.

Another student generated question. :-(

Bob Lamb     ...deep in the heart of TEXAS



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