Question

Ida hires Jim, a real estate broker, to act as her agent to sell her land for $10,000. Oil is discovered beneath the land, causing its market value to increase one hundred-fold. The agency agreement is likely
a. still in force if Ida gives Jim additional consideration.
b. still in force if Jim does not mention the oil to prospective customers.
c. terminated by mutual consent of the parties.
d. terminated by operation of law.

Answer

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