What are the common methods of termination by operation of law?

What will be an ideal response?


The five most common methods of termination by operation of law are:
a. death of one of the parties, even if the other party is unaware of that death;
b. insanity of one of the parties;
c. bankruptcy of the principal;
d. impossibility of performance, which may come about through the destruction or loss of subject matter or a change in the law; and
e. an outbreak of war, particularly when the agent's country is at war with the principal's country.

Business

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