William has acted as an agent for his principal Diana pursuant to an agency relationship of no fixed term. Suddenly and without warning, William dies. What is the effect of his death on the agency relationship, and what steps should Diana take, if any, in relation to third parties?
William's death ends the agency agreement and doesn't affect Diana's business dealings whatsoever because he is not contractually liable. His death ends the agency agreement, and according to the textbook, Diana doesn't even need to let her third parties know about his death. The only thing I can think to add to this is to recommend that Diana let her third parties know so that she can transition smoothly to a new agency relationship where she can advocate for their actual authority and avoid any fraudulent agent dealings regarding apparent authority.
Is there any other angle I am missing here???

Answer rating: 100% (QA)

Analysis of the effect of Williams death on the agency relationship and Dianas steps is largely accurate Heres a breakdown of the key points and some ... View the full answer